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How to Record and Manage Staff Loans and Advances in AltomateHR

On this page

Go to Payroll, then Loans.

Record a loan

  1. Pick the employee and enter the amount.
  2. Choose to repay it over a number of months, or a fixed amount each month, starting from the month you choose.

Each pay run deducts the instalment by itself. The table shows what’s outstanding and the repayment schedule. You’ll see a warning if repayments run past the employee’s leaving date, or if their loans together are over half their monthly salary.

A loan can only be recorded for someone whose payroll details are saved.

Change a loan that’s being repaid

Once repayments have started, the amount lent and the months already filed are locked, but you can change what’s left:

  • Re-plan: spread the balance over a number of months, set a fixed monthly amount, set each month, or settle it all in the next payroll.
  • Pause: skip a number of months, or pause until you resume it. Nothing is forgiven: the loan simply ends later.
  • Resume: choose the month to start deducting again.
  • Cancel: stop the remaining deductions.

Months already submitted or awaiting approval can’t change. The page tells you the earliest month that can.

Payroll Loans with a paused loan and its schedule
Loans and advances

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