Standing Instruction Configuration – Advance
Hello Everyone,
Welcome to the tutorial on the configuration of standing Instructions in Saral Pay pack
Standing Instruction is an additional option in saral paypack, we will have to enable it based on user requirement. To enable navigate to Option Settings under Intial Settings and click on Features tab and enable the required option based on your requirement and click on save.
These enabled options will be visible under Pre-Salary Transaction module.
Let us start by learning how to configure each of the standing Instructions,
Advance –
Advance is given to employees under various circumstances where the employee may need money even before the salary is paid.
This feature will be available when the Advance option in Option Settings is enabled.
Enter the field details as follows :
- Enter the Employee name In Employee Name field, click to select the employee for which you want to enter advance. Alternatively, employees can be selected by selecting the Employee ID or Reference No.
- Select the Advance Name from the drop-down list. If a new Advance Master has to be created, click on the three-dotted button.
And click on New to update the New Master list.
- In Date field, enter date when the advance is given.
- In case a calculated figure is to be considered, in the Amount field, you can enter amount or click the F button to display the Formula sub dialog box. Select the Formula defined (if any) and enter the no. of months in the appropriate fields. Or you can enter a new formula by using the expression editor. Select an existing formula or click to display the expression editor for creating a new formula. After the required formula is selected, enter the number of months by which it is to be multiplied. Click the ”ACCEPT” button to evaluate the formula and populate the amount with the calculated result. Click on “CLOSE” button to close the formula box
- Select the repayment option as lumpsum or No. Of installments by clicking the radio button. If the selected option is Lumpsum, you have to enter the lumpsum amount. If the selected option is No. of installments you have to specify the No. of installments.
- In the Recover From field, the month from which the recovery of the advance is to be made is to be entered. By default, the program will consider the month in which the advance was given based on Advance Date.
- On entering the details, click on Save.
Next, under the EMI Recoverable option we get the details of Amount to be paid in each month.
Note : The salary details can be Modified under the details options
As we click on Details option to modify the data, the following page will be opened where we can manually edit the salary value and click on Save to save the details
On clicking on save, there will be 3-options as follows :
- Yes – On clicking on option Yes, The pending amount, if any will be adjusted in the remaining months.
- No – On clicking on option No, A new month will be created and the pending amount will be the recovered.
- Cancel – On clicking on option Cancel, No save or changes will be updated
Next, the receipt can be obtained from the Receipts Recovered option. Click on Details to add the new receipts and click on save.
This concludes the tutorial on configuring the Advance in Standing Instructions for individual employee.
