How to add a salary advance from payroll?

Important

Step by Step Guide

1. Log in to your Yomly account using your dedicated business URL
2. Go to the MAIN MENU > PAYROLL
3. Under the 'Advances' tab, click 'Add Advance'
4. Fill in the fields:
   • Employee - search for the employee for whom you are adding the salary advance
   • Date requested - enter the date of the employee's request for a salary advance
   • Description - enter the reason for requesting the advance
   • Payment Date - enter the date of paying the advance to the employee
   • Payment Amount - enter the advance amount
   • Repayment Frequency - select whether you'd like to employee to repay Monthly or Weekly
   • Payment Method - select one of the following methods: Payroll, Cheque, Cash or Bank transfer. If you select Payroll, the advance is added to the employee's salary in the next pay run.
5. Click 'Create Repayment Schedule'. The system will now auto generate a repayment schedule with the corresponding amount that will be deducted from the employee's payroll beginning in the next pay run.