Can I delete an open loan?

Prerequisite: The loan you are about to delete should not be involved in the previous or current pay runs and must not have any perquisite calculations associated with it.

To delete an open loan:

Go to Payroll on the left sidebar.
Navigate to Loans tab on the module bar on top.
Select the employee for whom you want to delete the loan.
Click the More (three horizontal dots) icon and select Delete Loan.
Select Yes to confirm that you want to delete the loan.

To delete an open loan which was involved in a pay runs or multiple pay runs and has associated perquisite calculations, revert the pay run and then follow the mentioned steps above.