Menu, Functions and Security Profile

Oracle HRMS Functional Document

Car Loan Installment Calculation
Using Fast Formula
Part 6
Note: This Document is created only for Class Room Training Purpose

By
Regintala Chandra Sekhar
ora17hr@gmail.com

Regintala Chandra Sekhar

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Menu, Functions and Security Profile

Table of Contents
Car Loan Installment Calculation ........................................................................................................................................... 3
Step 1 : Creating Car Loan Element ................................................................................................................................... 3
Step 2: Setting up: Input Values .......................................................................................................................................... 4
Step 3: Link it to payroll ........................................................................................................................................................ 4
Step 4: Creating Car Loan Balances: .................................................................................................................................. 5
Step 5: Creating Feeds. Click on Feeds and select the Car Loan Element ............................................................ 5
Step 6: Click on Dimensions and Select the _ASG_ITD ................................................................................................ 5
Step 7: Writing the Fast Formula ....................................................................................................................................... 6
Step 8: Creating Fast formula .............................................................................................................................................. 7
Step 9: Assign the Fast formula to the Element in Formula Results...................................................................... 7
Step 10: Assign the Element to the Employee and Enter the following values.................................................. 8
Step 11: Submit a Request: Payroll Run UK ................................................................................................................... 8
Step 12: Jan-2013 Statement of Earnings (SOE Report) ........................................................................................... 9
Step 13: Change the Date. To See the Feb 2013 Report ............................................................................................. 9
Step 14: Submit a Request: Payroll Run UK ................................................................................................................... 9
Step 15: Feb-2013 SOE Report ......................................................................................................................................... 10
Step 16: Change the Date. To See the Mar 2013 Report.......................................................................................... 10
Step 17: Submit a Request: Payroll Run UK ................................................................................................................ 10
Step 18: Mar-2013 SOE Report ........................................................................................................................................ 11

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If you have any queries regarding this document please see the Part1, 2, 3, 4 and Part 5
documents . Set the Date: 01-Jan-2013 and check the Payroll Process Result if you have any runs roll
back it

Car Loan Installment Calculation

Scenario : We have situation that Employee has taken a Loan amount form the company like Educational Loan,
Car Loan Personal Loan etc... We have to recover that amount from the employee in installments?
Navigation Path

Step 1 : Creating Car Loan Element

Name: Car Loan Recovered

Regintala Chandra Sekhar

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Step 2: Setting up: Input Values

Step 3: Link it to payroll

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Step 4: Creating Car Loan Balances:

Step 5: Creating Feeds. Click on Feeds and select the Car Loan Element

Step 6: Click on Dimensions and Select the _ASG_ITD

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Step 7: Writing the Fast Formula

DEFAULT FOR CAR_LOAN_RECOVERED_BALANCE_ASG_ITD IS 0
INPUTS ARE LOAN_NUMBER(TEXT), LOAN_AMOUNT, NO_OF_INSTALLMENTS
L_LOAN_RECOVERED = CAR_LOAN_RECOVERED_BALANCE_ASG_ITD
OUTSTANDING_LOAN=LOAN_AMOUNT-L_LOAN_RECOVERED
O_STOP_FLAG='N'
INSTALLMENTS_PAID=0
IF OUTSTANDING_LOAN>0 THEN
(
MONTHLY_DEDUCTION=LOAN_AMOUNT/NO_OF_INSTALLMENTS
INSTALLMENTS_PAID=L_LOAN_RECOVERED/MONTHLY_DEDUCTION
INSTALLMENTS_LEFT=NO_OF_INSTALLMENTS-INSTALLMENTS_PAID
IF
(INSTALLMENTS_LEFT=1)OR(NO_OF_INSTALLMENTS=1)THEN
(
MONTHLY_DEDUCTION=OUTSTANDING_LOAN
)
OUTSTANDING_LOAN=OUTSTANDING_LOAN-MONTHLY_DEDUCTION
INSTALLMENTS_PAID=INSTALLMENTS_PAID+1
)
IF (OUTSTANDING_LOAN<=0) THEN
(
O_STOP_FLAG='Y'
RETURN MONTHLY_DEDUCTION, OUTSTANDING_LOAN, O_STOP_FLAG
)
ELSE
RETURN MONTHLY_DEDUCTION, OUTSTANDING_LOAN

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Step 8: Creating Fast formula

Name: Car Loan Fast Formula

Step 9: Assign the Fast formula to the Element in Formula Results

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Step 10: Assign the Element to the Employee and Enter the following values
Navigation : BG Resp PeopleEnter & MaintainSelect the EmployeeClick on AssignmentsSelect the
Entries Assign the ElementEntry values

Step 11: Submit a Request: Payroll Run UK

Navigation : BGProcess and ReportsSubmit Process and ReportsSingle RequestPayroll Run UK
After this run prepayments and Check Writer and BACS process.

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Step 12: Jan-2013 Statement of Earnings (SOE Report)

Navigation : BG Resp View Payroll Process Results Select your Monthly Payroll and Click on FindSelect
your Run Select Assignment Process Select the Employee SOE Report

Step 13: Change the Date. To See the Feb 2013 Report

Step 14: Submit a Request: Payroll Run UK

Navigation : BGProcess and ReportsSubmit Process and ReportsSingle RequestPayroll Run UK
After this run prepayments and Check Writer and BACS process.

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Step 15: Feb-2013 SOE Report

Navigation : BG Resp View Payroll Process Results Select your Monthly Payroll and Click on
FindSelect your Run Select Assignment Process Select the Employee SOE Report

Step 16: Change the Date. To See the Mar 2013 Report

Step 17: Submit a Request: Payroll Run UK

Navigation : BGProcess and ReportsSubmit Process and ReportsSingle RequestPayroll Run UK
After this run prepayments and Check Writer and BACS process.

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Step 18: Mar-2013 SOE Report

Navigation : BG Resp View Payroll Process Results Select your Monthly Payroll and Click on
FindSelect your Run Select Assignment Process Select the Employee SOE Report
NO Element because
Installments
Completed

Total Installment:
2000
Sub: Jan 2013 :
1000
--------------------------------------Balance:
1000
Sub: Feb 2013:
1000
--------------------------------------Balance:
0
--------------------------------------March 2013:
0
---------------------------------------

Thank you.......
Regintala Chandra Sekhar
You can get more documents on my blogger: http://ora17hr.blogspot.com
Facebook Group: www.facebook.com/groups/ora17hr

Regintala Chandra Sekhar

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