How-to
What are bonus, loan and advance salary?
A bonus is a sum of money added to a person's wages as a reward for good performance.
HRStop lets you add the bonus to which employees are entitled according to the organization's policies. You can pay the bonus in advance, with the period selected automatically or manually for a particular period.
Loan:
A loan is a sum of money that an employee can borrow from the company.
HRStop lets the super admin, or anyone with Payroll module permission, add employee loans to the system. The payroll automatically deducts the loan amount, if any, for the month.
Advance salary is the part of the salary that is given to the employee in advance, i.e., before running the payroll. It is then automatically deducted from the salary when you run the payroll.