Payroll Bundals›Salary advance and loan tracking

Advances and loans

Salary advance and loan tracking, cut from salary by itself.

An advance is easy to give and hard to remember. Payroll Bundals keeps every advance and loan in one ledger, takes the monthly cut in the salary run, and shows the worker the same balance you see.

See how it works See all 32 apps

How it works

From the day you give it to the day it is cleared.

One app holds the ledger. The salary run does the rest.

Part

What happens

Where in the app

Advance or loan given

You record the person, the amount, the cut for each month and a note, on the day you hand over the money.

Advances and Loans

Monthly cut

Taken in the salary run on its own. It is never more than the balance.

Pay, step 2

A worker asks

From their own link they type the amount and what it is for. You answer with Give advance or Not now.

Payslips, Advance requests; also Approvals

The balance

Given, returned and balance for each person. The worker sees "Advance still to return" with the same figure.

Advances and Loans, the person's folder, the worker's link

Advances and Loans / Meena Parmar₹1,000 to return

Advance given

12 September · School fees

₹2,000

Cut from September salary

Taken in Pay on its own

− ₹1,000

Advance still to return

The worker sees the same balance

₹1,000

The sample is Umiya Engineering Works, Ahmedabad, the one demo company on this site.

One ledger

Nobody argues about the total.

Small advances come out of the cash box all month. By the 30th the owner remembers one figure and the worker another. A ledger that both can see ends that.

Each advance has its date, amount and note.

You choose how much comes back each month when you give it.

The cut appears as its own line on the payslip.

When the balance reaches zero, the row is marked Cleared.

A month, start to finish

Give, cut, show, clear.

Step 1GiveRecord the advance in Advances and Loans and hand over the money yourself.

Step 2CutAt month end the cut is already in Pay, step 2, in the Advance column.

Step 3ShowLock the month. The payslip shows the amount returned, and the worker's page shows what is left.

Step 4ClearThe cuts stop by themselves when nothing is left to return.

Read the lesson: advances and loans

A straight answer

What it does, and what it does not.

What it does

Keeps advances and loans for every person in one list called Who owes what.

Takes the monthly cut in the salary run without anyone typing it.

Holds all cuts in a month within a share of that month's wages.

Lets a worker ask for an advance from their own link.

Leaves the decision on any request that pays money to the owner alone.

What it does not do

It does not work out interest. There is no interest box.

It does not move money. You hand over the advance yourself.

It does not pay wages every week. A weekly payment is recorded as an advance.

It does not lend money or connect to any lender.

The apps behind this page

Four apps around one ledger.

Advances and Loans

The ledger: who was given what, what has come back and what is left.

Pay

The salary run, where the cut is taken in step 2.

Payslips

Payslips with the cut as its own line, and the advance requests sent from workers' phones.

Approvals

One inbox where the same requests wait for your yes or no.

See all 32 apps

Questions owners ask about advances

No. The product tracks the amount given and the amount returned, and nothing else.

Yes. Their link has a form called Ask for an advance. You set the monthly cut and press Give advance, or press Not now.

All cuts in a month are held within a share of that month's wages. What cannot be cut stays in the balance for the next month. Ask your CA what the law allows for your workers.

Exit and Final Settlement works out what is due to them and what must be returned.

Prices are coming soon. Unlimited usage, no per user charge, no per client charge, no setup fee. See the pricing page.

Run your next salary in four steps.

Attendance, salary and compliance in one place, with 32 apps you open as you need them.

See all 32 apps Watch one salary run