Employee Salary Advance
The Employee Salary Advance feature in PrismERP allows organizations to provide partial salary payments to employees before the scheduled payday. This module helps manage short-term financial support requests efficiently, while maintaining accurate tracking and integration with payroll.
Key Features
- Request and approval workflow for salary advance.
- Define advance limits based on salary percentage or fixed amount.
- Link advance deductions with monthly payroll.
- Auto-adjustment of advance amount during salary processing.
- View advance history, pending requests, and remaining balances.
- Role-based access control for initiating and approving requests.
- Integrated with employee ledger and payroll reports.
How to Use This Feature in PrismERP
➤ Employee Requests Advance
- Employee submits a salary advance request with reason and amount.
➤ Manager/HR Review & Approval
- Designated approvers evaluate and approve or reject the request.
➤ Advance Confirmation
- Once approved, the system records the amount and updates the employee’s advance ledger.
➤ Salary Adjustment
- The approved advance is deducted automatically from the employee’s next salary or in defined installments.
➤ Track Status
- HR or employee can monitor the deduction status and any outstanding advance balance.
