How can I record loan repayments?

Once you’ve recorded a loan, the repayments will be automatically deducted from the employee’s income each month. You can also record manual repayments by following these steps:

Go to the Loans module.
Click the loan for which you want to record repayment.
Click Record Repayment.

Enter the Repayment Amount.
Select a Repayment Date.
Select the Payment Mode used by the employee to make the repayment.

Note: If you have enabled Zoho Books integration, you can select the bank account to which the loan was repaid under Deposit to Account.

Enter the Reference Number. (optional)
Click Record Repayment.