OpenERP Payroll Loan Deduction
Create a Contract for employee by configuring wage and Salary structure. In Salary structure, Add a new rule for Home loan with Deduction type and assign Fixed / Percentage amount with negative (-) sign as its Deduction. Go to the Employee Payslip, select an employee and click on Compute Sheet. You will see salary structure in Salary Computation tab.
Can anyone help me with a formula or process to deduct loans taken by employees from their salary/wages please? Thanks