Tuling HCM module
Employee Loans & Advances
A full loan lifecycle from request to EMI deduction, wired directly into the accounting ledger — not tracked in a side spreadsheet.
About this module
Employee loans and salary advances are common in Indian institutions but rarely tracked properly — usually a manual note in someone’s payroll file. Tuling HCM runs it as a real workflow: request, HOD recommendation, HR approval, disbursement (which posts directly to accounting), and automatic EMI deduction through payroll until the loan is closed — a complete, auditable record instead of an informal arrangement.
Capabilities
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Full Approval Chain
A loan request moves through draft, submission, HOD recommendation, HR approval, disbursement, and active repayment — a real chain of sign-offs, not an informal salary advance.
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EMI Repayment Schedule
Once disbursed, a repayment schedule is generated with interest rate and EMI amounts, deducted automatically through payroll — no manual tracking of who owes what.
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Direct Accounting Integration
Loan disbursement links to an accounting journal entry automatically — finance doesn't need a separate manual entry to reflect the disbursed amount.
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Closed or Written-Off Status
Loans reach a defined closed or written-off state, keeping the full lifecycle auditable rather than a loan that just quietly stops being tracked once it's paid off.