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Status Will not implement
Created by Thandiwe Khoza
Created on Dec 5, 2023

Automated interest on loan code

The client wants an automated code that calculates the interest on a loan fringe benefit.

Client was advised that many variables affect the interest on loan, and we do have a calculator that can assist with calculating the fringe benefit. They insist that the system is capable of creating a formula for it.

AME - Site Code P45655
AME - System Pastel Payroll
AME - Category Payroll (Processing/Calculaions/Input/changes)
Customer Contact Name Carl Nielsen
AME - Idea type Enhancement to existing functionality/feature
Please explain how this would benefit you and your firm and the impact it would have.

Seamless processing of interest on loan. Good for reporting purposes.

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  • Admin
    Johann Steenkamp
    Reply
    |
    Dec 5, 2023

    Such a calculation can rather be written on a custom transaction to achieve a more customer-focused outcome.