Authorizing loans and advances
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Select "Authorize Loans and Advances” from the left pane.
The "Authorize Loans and Advances” page appears. The system will display the following field at the top of the page.
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Date Format |
The date format that is applicable to the login user. Tell me more |
Select the following fields.
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Loan Processing Unit |
From the drop-down list box, select the loan processing unit. |
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Payroll |
From the drop-down list box, select the payroll associated with the loans and advances that you want to authorize. The list box contains all the payrolls under the selected department for which you have user permissions. |
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Payset |
From the drop-down list box, select the payset associated with the loans and advances that you want to authorize. The list box contains all the paysets under the selected payroll for which you have user permissions. |
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Till Date |
The cut-off date for processing the loan/advance applications. For example, if you specify, “31-10-2003” in this field, the system will process all the applications with application dates that fall on or before “31-10-2003”. |
Select the “Get” pushbutton.
The system displays the following details of the processed loans/advances mapped to the selected payroll, payset and till date.
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Loan Code |
The unique code that identifies the loan/advance. |
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Loan Description |
The short description of the loan/advance. |
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Process Status |
The status of the loans and advances processing. |
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Authorize (Yes/No) |
From the drop-down list box, select “Yes” to indicate your approval of loans and advances processing and “No” for others. |
Select the “Save Parameters” pushbutton to save the details.
The system assigns the following field.
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Session ID |
A unique code that identifies the authorization process. |
Select the “Authorize” pushbutton to initiate the authorization process.
The system sets the status of the process to “Authorized”.
Hyperlinked topics below
Use this page to authorize processed loans and advances.
