Overview
How Loans & Advances works in Workspace
Workspace distinguishes company borrowing from employee loan and advance records. Both workflows are tenant-scoped, while access to management views is controlled by company permission.
HRMS & Finance · Workspace by Aells
Track company borrowing and employee loan records separately
Maintain company loans, employee loans, repayment context, balances, interest inputs, and status within the appropriate tenant.
Capabilities
A practical structure for the work
Company loans
Track lender, amount, monthly interest input, paid amount, remaining balance, and status.
Employee loans
Associate loan records and approvals with the relevant company member.
Repayment records
Maintain repayment history against the loan.
Permission control
Restrict loan management without preventing an employee from seeing their own relevant history.
Workflow
From setup to accountable action
- 1Create the appropriate company or employee loan record.
- 2Record approvals and repayments where applicable.
- 3Review outstanding balances and status.
Questions
Clear answers before setup
Are company loans and employee loans the same record type?
No. They are separate operational workflows with different ownership and review context.
Can employees view their own loan history?
The employee loan area is designed to show records associated with that company member.