Viewing Delivered Loan and Advance Elements
This topic discusses:
Delivered loan and advance earnings.
Delivered loan and advance deductions.
PeopleSoft Global Payroll for Spain uses these earnings to calculate payments for loans and advances:
|
Earnings |
Description |
|---|---|
|
DEV ADELANTO |
Salary advance. Contains the amount to be paid to the employee as advance payment, which the employee must pay back through later payrolls. Custom field 5 contains the label DEV ADLNTO. Only processed for the last segment in the period. No retro calculation. |
|
DEV PRESTAMO |
Loan. Used for loan payments. Custom field 5 contains the label DEV PRSTMO. Only processed for the last segment in the period. No retro calculation. |
|
PRSTMO EX |
In kind loan taxable excess. Shows the excess interest amount that results when the interest rate is lower than the statutory rate. Calculated by subtracting the loan interest amount from the statutory interest amount on a month-by-month basis. |
PeopleSoft Global Payroll for Spain uses these deductions to calculate repayments for loans and advances:
|
Deduction |
Description |
|---|---|
|
DD ADELANTO |
Advance deduction. Used for repayment of advances. Custom field 5 contains the label DD ADELANTO. Only processed for the last segment in the period. No retro calculation. |
|
DD PRST CAP |
Loan capital deduction. Used for repayment of the capital portion of a loan. Custom field 5 contains the label DD PRST CAP. Only processed for the last segment in the period. No retro calculation. |
|
DD PRST INT |
Loan interest deduction. Used for repayment of the interest portion of a loan. This deduction takes its value from the variable AYP VR IMPTOT INT previously calculated in AYP FM IMPORTE called from DDPRST CAP. Only processed for the last segment in the period. No retro calculation. |
|
LIQ ADLNTO |
Deduction for terminated employees. Settles the outstanding advance amount. |
|
LIQ PRSTMO |
Deduction for terminated employees. Settles the outstanding loan amount. |
|
PRSTMO EXX |
In kind loan taxable excess. Shows the excess interest amount that results when the interest rate is lower than the statutory rate. This deduction is linked to PRSTMO EX and offsets it. |
Note: The PeopleSoft system delivers a query that you can run to view the names of all delivered elements designed for Spain. Instructions for running the query are provided in the PeopleSoft Global Payroll product documentation.