Loan Payment- Offcycle

Dear Friends,
1.Can we pay Loan(IT 45) through off-cycle payment. 2.How to pay Advance through Off-Cycle payment.
Detailed explanation is much appreciated.
Points will be rewarded.
Rgds,
Sekar.

Dear Sekar,
By the IT 0045 only you can do the loan payment but for the payment under the specific head like house loan, vehicle loan or any other you need to configue subtype. Salary advance payment also you will need subtype. Select an It0045 and than select the subtype as your need and entre the data.
If its helpful please reward points.
Regards
Zankhana

Similar Messages

Loan payments - offcycle

Hi Experts,
How to pay loan payments through offcycle. I am new in offcycle, what r the steps need to for configuration.
urgent
Surya

Hi,
For off cycle payroll we can do in img settings and the transaction code is :
pu0c
regards.
chandra P

Java application calculate monthly loan payments

This is due Feb. 19 and I can't get the for statement to calculate right. Can someone tell me what I'm doing wrong. I'll copy and paste the program:
import java.text.DecimalFormat;
import javax.swing.*; // import package javax.swing
public class Lab4 {
     public static void main( String args[] )
     double L, // loan amount
          R, // monthly interest rate
          P, // monthly loan payment
          S, // used for counting
          APR, // annual % for interest
          balance,
          newBalance,
          principle,
          interestPart;
     int Y,
          M = 0,
          count = 1;
     // read in Loan amount from user
     String Loan =
          JOptionPane.showInputDialog(
          "Enter Amount for Loan/Mortgage" );
     // read in Interest Rate from user
     String InterestRate =
          JOptionPane.showInputDialog(
          "Enter Interest Rate (APR) .XXX" );
     // read Period of Years for Loan
     String Year =
          JOptionPane.showInputDialog(
          "Enter Period (Years) for Loan/Mortgage");
     // convert from type String to type Double
     L = Double.parseDouble ( Loan );
     APR = Double.parseDouble ( InterestRate );
     Y = Integer.parseInt ( Year );
          R = APR / 12;
          S = 0;
     // create JTextArea to display output
     JTextArea outputTextArea = new JTextArea(20,50);
     JScrollPane scroller = new JScrollPane(outputTextArea);
     // used to set the decimal places
DecimalFormat twoDigits = new DecimalFormat( "0.00" );
     while ( M < (Y*12))
          S += Math.pow(1.0 + R, M);
          P = L * (1.0 + R * S) / S;
     // set first line of text in outputTextArea
     outputTextArea.setText( "Loan/Mortgage Amount: $" +           twoDigits.format( L ) + "\nInterest Rate: " +
          APR * 100 + "%" + "\nLoan Period (Years): " +
          Y + "\nMonthly Payment: $" + twoDigits.format( P ) +
          "\n\n\tAMORTIZATION SCHEDULE\n\n" + "Payment " +
          " Principle Part " + " Interest Part " +
          " Loan\n" + "Number " + " of Payment"
          + " of Payment " + " Balance\n\n");
          M = M +1;
     for ( count = 0; count <= (Y*12); count++ )
          S += Math.pow(1.0 + R, M);
          P = L * (1.0 + R * S) / S;
          interestPart = balance * (APR / 12)*10;
          principle = P - interestPart;
          newBalance = balance - principle;
          outputTextArea.append(count + "\t" +                     twoDigits.format(principle) +
          "\t" + twoDigits.format(interestPart) + "\t" +                twoDigits.format(newBalance) + "\n");
          M = M + 1;
          balance = newBalance;
     JOptionPane.showMessageDialog( null,                scroller, "Loan/Mortgage Data",
          JOptionPane.INFORMATION_MESSAGE );
          System.exit( 0 );

Yep,
1. remove the text areas from the code
2. // comment out the OptionPanes for now and put amounts in manually eg
years = 25;
interestRate = 12.7;
amountToBorrow = 50000;
3. In psudocode (I'm not sure what your formulas are doing here???)
int months = yearsFortheRepayment * 12;
for(int i=0; i < months; i++){
total = total * monthlyInterestRate; //or whatever the formula is here
4. Comment out the rest of the code and test it up to here with;-
System.out.println("Test, is this part right? Total payment="+total);
Is it the right figure?
5. Do the same for the second formula
6. If this is right, put back (uncomment) the JOptionPane's and take out these;-
years = 25;
interestRate = 12.7;
amountToBorrow = 50000;
Then see if it still works the same with the same figures.
7. Display the results for your 2 stages with a JOP.showMessageDialog.
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
If you post your code again use the your code in here tags to format it nicely and follow coding conventions they're there for a very good reason ie: indenting and naming - some of the variable identifier names you have used are not good, making the code hard to track. Good luck.

Is there any standard report available to view the loan payments for the FY

Hi Experts...
Is there any standard report to view the loan payments taken by the employees in a paticular financial year.
We are entering the details of loans through 0045 and through a subtype.
When im using tcode pcoo_m99_cwtr...
thet are showing up details with out employee number.
How we cn get the details of amount recoverd/deducted from employee salary of a particular employee in the financial year.
Regards,
VSai.

hi
check the std transaction:-
pc00_m40_lon1 (this is for india specific)
Regards
sameer

Posting of Loan - Payment and recovery from Employees

Dear All,
We have done the configuration for Loans. Its working fine.
Now we want to post the amount to FI to the concerned Employees Account to track the payment and recovery..
How do we do this... What are the steps, process, configurations??
Pls let me know how to do the posting for the Loan amounts for payment and recovery.
Thanks and Regards,
Revathi.

did u check the account assigment feature for that wage types in V_T52EK it shd be Q
not sure check once ..........

Loans: Introduce vendor account during loan payments

Hello folks,
I have Loans managment module working fine for a bunch of flows. I would like to substitute a g/l account that we use during payment with a vendor account. Wondering if I could get some inputs on this.
We have receivable loans, not giving.
In the Accout Determination, I've configured a flow Z120 with Payment transaction 1 and a posting key 40 to the balance sheet account(276510) and 50 to a bridge account(275325). When this flow is posted, a payment request is created between the bridge account and the house bank's payment sub-account(175562). That would be a debit on bridge account(275325) and a credit on bank's payment sub-account(175562). So I run F111 and execute the payment. And then when the back statement comes in, an entry between 175562 and 175560 is made.
Now, I would like to replace this bridge account with a vendor. The primary reason is, the client wants to calculate withholding tax on every payment, interest and capital. Wondering what my options are?
In Account Determination, in the accounts section, in the g/l acct field, I don't know how to specify a vendor account against a acct symbol for the account determination to happen. There is only option for g/l account or +++++ for bank g/l accounts.
Should this be configured some place else. Not sure where I'm missing the part where I could use a vendor instead of using a g/l account as a bridge.
Also in SPRO, in the "Company code settings for product types", the FI posting field for my product is of type 4, which is "Actual records in subledger, posting in FI without customer". Should this be changed to 3, which is "Actual records in subledger, FI posting with customer" - wondering if this would open up a relation with a customer/vendor.
Any help greatly appreciated.
Thanks.

Thanks Kumar. Most of the steps got executed successfully.
Step 1:The moment I changed the FI posting from 4 to 3, I received an error in disbursement saying couldn't determine customer. I did not have a customer role in my BP. I set that with recon account and was able to do disbursement. The disbursement screen looks different too, with an added customer field populated and read-only. I think we are good there.
Step 2: I've ignored third party payment, I did revert it to uncheck the way it was.
Step 3: In Account determination, I configured one more posting specification for my Flowtype(Transaction type), payment transaction 'X', posting category 42. posting key 40(debit) for my interest account and 14(credit) for the new 2.4.4 symbol. I gave the BP/client's recon account g/l account against this new account symbol 2.4.4.
Now when I tried to do a post planned record, it wouldn't pick the newly created posting specification X. It still picks the one with payment transaction 1.
The documentation says, X would be picked if (a) posting for product type made via customer account and (b) payment transaction indicator set for the flow/condtion.
Here bullet (a) is true, because I could see the customer number when I do the disbursement. Now with regards to bullet (b), I've set done the following:-
-In flow type, I have the field "Payment request" checked.
-In condition type, I have the field Payt(Payment transaction) checked for my all my conditions.
-In the "Company code dependent settings for product type", I've checked the "Payment details" field.
-In the Main Loan Partner role for the BP, in the company code data, in the payment details tab, I've checked the Payment transaction and payment request fields, and entered information for payment method, housebank payer/ee etc.
Since the posting specification with payment transaction 'X' is not picked, I think something is missing on the payment transaction part.
One other interesting observation is, the moment I changed the FI posting from 4 to 3, the button "payment details" on the top of the screen has disappeared. Previously I used to specify payment details for each flow using the screen that comes off that button. So I assume now the payment details need to be taken care of in the BP/client level or flows level.
I'm not sure where I'm missing one fine detail.
Thanks a lot for your help in advance. I really appreciate it.

Offcycle - it45 payment urgent

Hi Experts,
How to setup loan payments for infotype 45 through offcycle
urgent
Surya

You have to run the payroll using Off cycle work bench, and IT 0267. and at the same time it should be the wage type and amount to be maintained in 0045 Infotype.
Please reward points.
Regards
Venu

LOANS INFOTYPE - (0045) HIDE PAYMENTS TAB

Dear Friends /Gurus
Requirement :- For info type 0045 , is there any way to hide the Payment tab available there, the Loan payments should be done only through 0078 info type
We can do this using SHD0
But any other option available..
thanks & Regards
Srijit R Menon

u got the Point Exactly
when the FI pays the laon it shd be from IT0045 first Tab
10,000 AED
and repayment installment in the second tab 1000
and in the third tab we must maintain whether it is External payment or payment thru Pay roll
for Ex if an employee gets a cheque and it the amount is not include in the Pay slip
than the payment shd be External than in the first moth
only deduction will be seen as it is external payment , if it is done thru Internal payroll
bioth advance give and deduction will come in the pay slip
let me check the option for hideing
And check this issue how the User want to deal in such kind of siturations
not sure try VV_T588M_45 Field is TAB_PAY hide it u
Edited by: Sikindar on Jun 10, 2009 3:11 PM
Edited by: Sikindar on Jun 10, 2009 3:17 PM

Issue in Loan Infotype

Dear Experts,
I have come across a very weird scenario. In IT45, for eg., if an employee is taking loan of Rs. 570, 614, with effect from 01.01.2014. Now for 2 months, deduction is done @ Rs. 22500. So, Jan - Rs. 22500 + Feb - Rs. 22500 = 45000. Same is being maintained in Payment Tab in IT45, same is been seen in IT78, and the same amount is deducted aga in RT as well. But in Loan Balance Amount it is showing as 0. Please find below screen shot for the same:
Here March Amount is also displayed, though payroll for march is still not yet run. So deduction has been made till Feb. As per my understanding, in Basic Data Tab, Loan Balance Amount becomes 0.00 in two cases:
1. If complete loan is paid as on date in RT.
2. If in Payment Tab Complete amount is added as Loan Payment (External), though in condition tab deduction amount will be entered and same will be deducted every month.
Why in this case Loan balance amount is coming as 0?
Please help solve my query.
Thanks and Regards,
Bhagyashree

Hi Bhagyashree,
The amounts in display field 'Loan Amount Paid' is not correct.It should be the same amount as 570,614.00.And the 2nd display field 'Loan Balance' amount will be 45,000.However said field values will populate after Payroll run in 1st month of repayment.
The problem is in the payment tab.
1st entry must be the 'Loan Balance Transfer In' component with principal amount 570,614.00.Once done then you will see in the Basic Tab 'End Of Loan' date will be automatically estimated as per the condition tab installment.Now system automatically cuts the installment upto the end date.Then the balance WriteOff entry can be entered for closing the loan.
Presently what is happening is 'Loan Payment External' is taken as loan payment given by company to employee.So its not assuming the principal amount in Basic date tab.This is incorrect.
Remember the payment tab is for the payment granted by the company to employee same as principal amount & the repayment of loan options via Payroll or external to Payroll.
Hopes this helps..
Cheers
Suman

Payroll Issues in Net payment

Dear Experts,
Business Scenario
The employee is on leave for 2 months (paid leave)in that 2 months loan should not deduct. 3rd month he came back and the laon amount should be deduct .
So,In Master Data for IT45 maintained record for those 2months in "Condition" amount=0 and for the next month onwards maintained regular installment payment which he has to pay.
When I am running payroll for the 3rd month am getting Loan Type Error as below
Error with a loan wage type
A loan wage type in table RT should be deducted, however the
however the remaining net amount was too small
Wage type /LRP
Please lower the loan repayment in infotype 0045
Choose an amount that can be deducted
while running simulation for 4th Month their is no Error in Payroll Log But for the 3rd Month "NET PAYMENT" is showing as Zero in Payslip and not showing in RT table also
Note: This Net Payment issue for the 3rd Month is not only to the above scenario Employee it is not showing for ALL EMPLOYEES.
Kindly help me in resolving this issue as this is Very Very High, your immediate response is highly Appreciable
Regards,
Rao.

Dear....
Please check that u press the calendar button to regenerate the last payment date and also check that repayment plan in IT0045
another thing check IT0078, what will be shown there????.
After that run one by one payroll for the months you have no deduction of loan and check is there any loan deduction or not.
What you have to do for skipping loan payment is copy the current loan and make the repayment amount zero, i hope u did the same but in the last split u have to recalculate the payment date.

Cosigning Student Loans - Learn From My Mistakes - Please Read

I have gone through a nightmare due to a student loan that I co-signed on, and I am creating this post in the hopes that you will learn from my mistakes. Please pass this post on to anyone who you think would benefit, and hopefully save them a lot of heartache and anxiety. My post is lengthy, but please be patient and read it, it could literally save your financial life.Briefly here is my situation: I am the co-signer on a $60K Sallie Mae private student loan where the primary borrower has defaulted on me, meaning they have told me they cannot pay a dime, have no intention of changing their lifestyle to do so, and will not tell me when, if ever, they will make good on this. Meanwhile, as the guarantor of the loan, I have been subjected to the full force of SM collection agency practices, and forced to face the music while the primary person on this loan can blissfully ignore the situation as if it was not happening. After multiple weeks of heartache, anxiety and worry over my financial future, I found in the fine print that if I make 24 consecutive on-time payments, then I am off the hook. I verified this with SM and am now 6 months into paying this off. As long as nothing unexpected occurs, I am looking forward to being off the hook in 18 months, having learned an expensive but not life altering lesson, as I was originally facing. Now let me go into some lessons, please pass these on to anyone you think would benefit - let's make this post the most widely read one on FICO forums, this is so important. And now my hard lessons learned:Lesson #1: DO NOT COSIGN A STUDENT LOAN: especially private student loans which carry higher interest rates. When you cosign a loan, you are the guarantor: you are putting your good credit profile on the line and telling the loan agency that you are responsible if anything ever happens with the primary borrower and they are unable to pay. All the obligations are on your shoulders, in fact, in many ways you are more responsible than the primary borrower, and this is how the loan and collection agencies will treat you. If you think: that's just the fine print, that will never happen, think again. It happens all the time, are you willing and able to take on this burden if you have to? Possibilities become reality, and this is a reality you do not want to be a part of, trust me on this. If you want to help someone, find other ways to do it outside of the system. Loan them the money as an individual, or pay their rent or expenses, that way, if problems arise, you don't have to get credit agencies, loan agencies, and collections agencies involved. If you are a parent and want to help your child, see Lesson #2.Lesson #2: LOAN ONLY WHAT YOU CAN LOSE: Every rule has exceptions, so the exception to Lesson #1 is this: only cosign on a loan if you are absolutely willing and able to pay off the full loan obligation. When you cosign you are lending your good name and credit profile, and you are effectively loaning money that you will have to pay back if the primary borrower defaults. In other words, never loan more than you are willing to lose, and therefore never cosign for more than you are willing to lose. And be willing to accept that the fact that your relationship with the primary borrower may be permanently damaged if you are forced to step in and cover their obligations.Lesson #3: LOANS GROW: I cannot emphasize this point enough, it really burned me: I did not co-sign a loan for 60K, I co-signed for 45K, and without my knowledge the primary borrower capitalized the interest during the first 18 months of the loan, which they were allowed to do, but it caused the loan to grow by 33%. So when it came time to guarantee the loan, I was on the hook for 60K, which I had never originally agreed to.Lesson #4: SALLIE MAE DOES NOT CARE: And why should they? This is business. As co-signer, you are the guarantor of the loan, you have to make good on the obligation when the primary borrower defaults. In fact, as guarantor, the loan and collection agencies will go after you harder than the primary borrower. Do you have a good credit and collateral, such as a house? Well this binds your obligation even more tightly. When loan and collections agencies see that you have the wherewithal to pay, they will not let you off the hook. And they don't care if paying off their loan puts you on the street. This is business and you have to pay up. Understand this black and white reality before you co-sign a loan. Lesson #5: DON’T DELAY PAYMENTS: Forbearance and deferments are often mentioned as options for helping out on loan obligations, but do not fall into this trap: they make a bad loan situation worse, they don't help. Deferment does not prevent interest from accumulating: you'll just have a bigger loan to pay when the deferment ends. Student loans typically give you a deferment grace period, usually 6 months, before you have to start paying back the loan. Most of us have to use this initial grace period, but please avoid it if you can, it just makes your loan grow larger. Forbearance is another method of delay, but it requires you to make the loan current before the loan agency can talk to you. In other words, you have to be paid up on what you currently owe before the loan agency will talk to you about forbearance. Think about this Catch-22: you can't pay your current loan obligations, so you ask the loan agency for help. The loan agency won't talk to you until you make the loan current. Never use deferment or forbearance, they make your bad situation worse. Lesson #6: NO LEGAL RECOURSE: Student loan debt is not dischargeable in bankruptcy court proceedings, it is debt that you will carry for life until it is paid off, regardless of what happens to you. And don't assume that the loan agency will only take legal action against the primary borrower in a default situation: they will also take legal action against you. Remember, you are equally responsible, you will be held legally accountable. And don't think that you can sue the primary borrower. You can only sue them if you have a separate promissory note with them, signed and notarized, that they have defaulted on. And even if you do, it is expensive and time-consuming to sue someone, especially if they have moved out-of-state, and practically impossible if they have moved out-of-country. You could probably never come out ahead, unless the amount owed was so large as to make it worth it. Unless you are wealthy, or a big organization, do not rely on your option to take legal action in the future, it's often just not practical. Lesson #7: WOULD I DO BUSINESS WITH THIS PERSON?: When you co-sign for a family member, there is a certain level of built in trust in the relationship, but when you co-sign for a friend, or girlfriend, or boyfriend, you are putting your faith in the future: faith that they will be around in the future and that they will always have your best interests at heart. Please wake up. People take advantage of other people all the time. Especially when it comes to money, people get scared and choose to hide under a rock, disappear, ignore the problem as if it does not exist. If you are the co-signer, you are the guarantor. If the primary borrower understands this, then they can choose to disappear and leave you holding the bag. Do not assume that the person who cares for you now will always care what happens to you. Business is business, personal is personal. When you are asked to co-sign for a loved one, ask yourself first: do I want to go into business with this person? How do they resolve conflict? If they get into trouble one day will they work with me? Or will they disappear on me? Do they have a conscience, and will they care how this affects me? Or will they see an opportunity to be off the hook? Ask yourself these hard questions. And don’t assume that they will think as responsibly as you. Don’t assume that they care what happens to their credit score, or what this means for the future. Treat the primary borrower as a person you are doing business with, and therefore someone who you need to rely on when times get tough. Chances are, you are the more responsible person here, so ask yourself, can I really afford to go into business with this person?Lesson #8: PROTECT YOURSELF: If your credit score gets damaged over a bad loan, your total financial life will be affected for a long time. It doesn't matter how good your intentions are, it doesn't matter why you got into a financial bind, it doesn't matter that your family member was sick, or that you were going through a hard time, or that you are low on money because you gave it all to charity. The current system of credit scoring requires you to keep your total financial profile in a healthy state at all times. If you are delinquent on payments, or worse, default on loan obligations, then your credit will suffer and you will be affected for a long time. You will be unable to qualify for loans, you will be unable to get good interest loans. Think about the effect this will have on your family in the future: not being able to afford a house for them because you can't get a loan, because you made a good faith error several years before. That's the reality you have to avoid, so protect yourself at all times.Lesson #9: AND FINALLY: Some people reading this will feel that I am missing the point: that of course loans carry obligations, and of course there are consequences if loan payments are missed. For the record, I relied on Sallie Mae loans to get me through college and grad school. I made all my payments on time, I paid my loans off, I even used the available 6 month deferment. But this only worked because I was responsible, because I had a plan, because I understood my monthly and total financial obligations at all times, and never made a life decision that would compromise my ability to pay. Cold reality: many people in this world are not responsible, they don't think through the consequences of their decisions, they are unable or unwilling to look at the hard facts. When you co-sign with one of these individuals, as I did, you are tethering your good name and your financial future to them. If they fail in their responsibility, they will take you down with them. Do not let this happen, protect yourself, you have worked too hard in your life to let an irresponsible person take you down. I hope you have found this posting useful. Please pass it on so that everyone can learn from my mistakes and hard-earned lessons.

My heart goes out to you. My stomach was in knots for you just reading about your situation. Thanks for the lessons learned. I co-signed a private education loan with my ex husband. I wish I had someone like you back then to sit me down and make me really think. Unfortunately, I was young and naive and never thought twice about co-signing. Even though the original loan amount was small by most standards (less than $8000), here it is 10 years later and that stinking loan is still attached to my credit rating. It's barely halfway paid off with another 10 years to go. The ex is a bit of a deadbeat so after some late payments a few years ago, he has since only made the minimum payments. At this rate, I will be ready to retire when that stupid thing is paid and off my reports. I am very conscientious about my own financial health and have less than $1000 on a credit card, a little of my own student loans, and a reasonable mortgage. BUT because I am forever listed as co-signer of this silly loan, it actually drags down my FICO rating. I could suck it up and pay off the whole balance myself in a few months time....which causes me to feel sick to my stomach. Its my only option besides watching this thing languish for 10 more years.

Loan upload from legacy system to SAP

Hi Experts,
I have a query regarding uploading Loan from legacy system to SAP.
We are implementing SAP HR for a client going live by 1st jun 2011. The scenario is the client has few employees who have taken loan for various reason, i have configured the same through SPRO....now my query is when i ask the client to provide me with loan data:
1. We are running payroll from 1st April 11, should i ask the client to give me the loan amount as the current standing loan amount
2. when i am uploading loan in 0045, should i put something in third tab payment
Thanks for your support.
Regards,
Jyoti

Hi,
This third tab basically create a record for info type 0078(Loan Payments). If you don't have any records in 3rd tab/0078, system will not start loan recovery in payroll.
Find the response for 2 scenarios-
Scenario 1 & Scenario 2:
maintain these fields in the table control of 3rd tab-
Date(GT_PAYM-ZAHLD) - 01.04.2011....Basically payments and repayments starts date also used for interest calculation
PmntTyp(GT_PAYM-ZAHLA) - 100(Loan payment (external)) ....Contains information on the direction and method of payment. Also control wage type generation in loan PCR and Functions
Amount(GT_PAYM-BETRG) - Balance Amount ....The total of payment or repayment amounts which you enter here, may not exceed the amount that you have entered in the Approved loan amount field on the Basic data tab page ....For your both of the scenariof, this amount will be same.
Regards.
Suman
Edited by: suman poddar on May 22, 2011 10:28 AM

Creation of DPR for advance payment to be made to customer

Hi Experts
Can I create DPR for advance payment to be made to Customer (thru Customer Code) thru tocde F-37 or any other way ? I understand tcode f-37 is used for advance payment to be received / received from customer. Tried by changing config thru FBKP but it creates DPR for advance payment received only.
Whether this is possible ?
Regards
Vimal

I want to make Loan Payment / Shares Application Money Payment from Parent Company to Subsidiary Company. Treating subsidiary copmany as customer.
Actually want to know whether DPR for advance payment to customer is possible or not ?
Regards
Vimal

Loans mapping to GL account.

Hello Experts,
I have created different Company Loans and the same are reflected in sub-types of IT0045. Each of these loans are to be mapped to a different GL. Meaning that Housing Loan needs to be mapped to GL 780010 and Education Loan to be mapped to GL 750010.
To my understanding, /LOP is the only wage-type created for the purpose of loan payment. But this does not help the problem.
Is there any way out with this issue? Can we create different wage-types for different loans and map them to relevant GL? If yes, how is configuration done and how to reflect it to schema?
Thanks in advance.
Regards
Peeyoosh

have you tried rule XLOZ
regards
stefan

Posting Loan to Vendor Employee

Dear Experts,
We're in 4.7. We have a requirement where we need to keep track of loan payment of all our individual employees. Is it possible to post the loan payment in payroll individually to each and every corresponding vendor employees ? Any input will surely be appreciated.
Thanks and regards,
Arief

Hi
You can do the following.
1.Define your employees as vendors and attach the employee code to respective vendor.
2.Define Symbolic Accounts
In this step, you create the symbolic accounts that you require for posting to Accounting.
A symbolic account has the following characteristics:
A four-character alphanumberic code
A descriptive text
An account assignment type (AA type). This defines the type of posting (posting to expense account, posting to payables account, and so on) that applies to the wage types that are posted to the symbolic account.
An employee grouping for account determination (EG) indicator
The following table shows what kind of account and what transaction is linked to an account determination type and what additional information (for example, for cost assignment) is also included in the posting transaction.
AA type Meaning Transaction Additional fields
C posting to expense account HRC cost assignment
CN posting to expense account HRC cost assignment
without quantity   without quantity
R posting to expense account HRC
if accounting is installed in
R/2 System.
F posting to bal. sheet account HRF
FL posting to bal.sheet account HRF
for checking balance
in retroactive accounting
(recalculation difference account)
FO posting to bal. sheet account HRF
(original periods for
wage types whose amount
cannot change
retroactively)
Q posting to bal. sheet account HRF personnel number
with personnel number
D posting to personal   HRD acc. determination
customer accounts   with personnel number
DF posting to fixed customer HRD direct assignment
    of customer account
L posting to customer HRD acc. determination
account(for specific loan)   with personnel number
    loan type,
    sequential number
K posting to personal vendor accounts HRK acc. determination with
    personnel number
KF posting to fixed vendor HRK direct assignment
acc.   of vendor account
Note the following with regard to account assignment types:
In the standard system, no quantities are transferred from wage types in the payroll result to the payroll documents and the resulting accounting documents, although information on quantities is available on the report log for report RPCIPE00 (or RPCIPX00). It is also possible to modify the system to access this information. The account assignment type CN is only useful if you have made this modification and if, in certain instances, you want to suppress the transfer of quantity information.
The account assignment types FL und FO are only of use if there are cross-company code transactions. For more information on customizing cross-company code transactions, refer to Posting to Company Code Clearing Accounts.
We recommend that for symbolic accounts with account type FO, you determine the account in Accounting independent of the Employee grouping for account determination (Feature PPMOD). For this reason, only one G/L account is provided for the payment of wages and salaries as standard. If you determine this G/L account depending on the employee grouping for the account determination, this can lead to inconsistencies when posting the retroactive accounting results. This is due to the fact that when posting retroactive accounting results for wage types that cannot change retroactively, a technical posting takes place (for example, for the wage type Payments (/559)). Since this technical posting usually takes place in the same account in Accounting, it balances to zero and does not appear in the posting document. However, if you determine this account independently of the employee grouping for account determination, and an employee falls in a different employee grouping due to a retroactive change in the HR master data or feature PPMOD, the technical posting cannot balance to zero because two accounts are affected in Accounting. This is why you have to make changes manually in this case.
Example
The wage types Basic pay and Overtime both represent personnel costs and should therefore be posted to expense accounts. You also want to assign these wage type amounts to Cost Accounting objects. Both wage types are dealt with in the same way as far as posting is concerned and can therefore be posted to the same symbolic account. You must specify the account assignment type C, since, in Accounting, there should be a posting to expense accounts and Cost Accounting should be provided with information.
Requirements
You have carried out the step Define Employee Grouping for Account Determination
Standard settings
Symbolic accounts are already set up in the standard system. In this step, you can modify these to meet your requirements.
Recommendation
We recommend that you do not change the definition of the symbolic accounts. If changes to the definition of the symbolic accounts are necessary, you should map the changes using new symbolic accounts.
Activities
1. Check that the existing symbolic accounts meet your requirements. Note the EG indicator. If this indicator is set for an account, posting to this account also considers employee grouping for account determination. With the exception of the key (column SymAcc), you can change the default values.
2. To create additional symbolic accounts, choose New entries
3. To delete unnecessary symbolic accounts, mark the account and choose Edit -> Delete.
Further notes
Symbolic accounts are not country-specific.
3.Assign Vendor Accounts
In this step, you make the settings required for posting to vendor accounts.
There are two kinds of vendor accounts available:
Fixed vendor accounts: Employee grouping for account determination offers the most precise means of control for posting to fixed vendor accounts.
Employee vendor accounts: Posting to employee vendor accounts enables posting for a specific personnel number.
In this step, you make entries in table T030 for the assignment of vendor accounts to symbolic accounts.
Example
Fixed vendor account
You want to deduct dues to various unions from the employees in your enterprise. For each union, you have set up a specific wage type for dues and a specific symbolic account. In this step, you assign a fixed vendor account to each of these symbolic accounts.
Employee vendor account
You want to post dues to a different vendor account for each employee. To this effect, you have created a symbolic account for all employees. In this step, you specify how the corresponding employee vendor accounts are determined.
Requirements
You have created the required vendor accounts in Financial Accounting.
You have carried out the step Define Symbolic Accounts. In that step, you created symbolic accounts with the relevant account assignment types (KF for fixed vendor accounts, K for personal vendor accounts). In that same step, you flagged the indicator EG-depend for symbolic accounts to which you want to post in line with the Employee grouping for account determination.
If you want to post to employee vendor accounts, you have entered the relevant personnel number in one of the following fields in the vendor master data of Financial Accounting. We recommend that you use the Personnel number field. If you use another field, you must enter the personnel number with leading zeros.
Personnel number
Search term
Telephone 2
Data line
Teletext number
Standard settings
There are no standard settings for posting to vendor accounts. If, in the step Define Symbolic Accounts, you have not created any symbolic accounts with the account types KF or K, you do not have to carry out the step Assign Vendor Accounts.
Activities
1. Enter the required chart of accounts.
2. To make settings for the posting procedure Personnel posting to vendors (HRK), choose Rules
3. Choose Posting key. Enter the posting key for postings to vendor accounts or copy the default values (21 for debit posting and 31 for credit postings).
4. Choose Accounts. Make the corresponding entries in the table T030.
a) If you want to assign a fixed vendor account to a symbolic account, and if required, an employee grouping, enter the number of the vendor account in the Acco column.
b) If you want to assign an employee vendor account to a symbolic account, and, if required a employee grouping, enter the relevant key (see table below) in the Acco column.
Personnel number in field (Vendor master data) Entry in the Account column (T030)
Personnel number    *0002
Search term    *0001
Telephone 2    *0003
Data line    *0004
Teletext number    *0005
Further notes
It is not possible to use the special G/L indicator with posting to customer accounts.
in summary whatyou do is defne a symbolic account of type K , link your wage type to this sym account , define the posting to vendor with *0002
regards
Pravin

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