Sharing some thoughts

Both can be treated in two dimession:
1. Employee Loan
2. Leasing of Property

Take a quick snapshots how its works:

1. EMPLOYEE LOAN
Many organisations provide loans to their employees as a form of employee benefit. I have seen some of the APAC countries like india, Singapore, Hong Kong and Korea heavly used in functionality. In view of the complexity in calculating, tracking and recovering monthly repayment amounts, many clients have requested automation , thus best case would be handled by Payroll as element entry.

I came across few sitaution like in my few projects as the loan was based out of :
(i)Different methods of calulating interests like Daily reducing balance, monthly . reducing balance, Fixed term, etc.
(ii)The monthly repayment amount is linked to payroll as a voluntary deduction.

Under this option:

You have to do the following.
1. Create Elements
2. Create Balances
3. upload this monthly deduction balance.

If this is a need across Company, it better to handle there HR based fast formula.But on the top of this you need HRMS module in place, not sure what is there at your end.

Exception:
IF You don’t have HRMS. but believe Financial would be in place like GL,AP,AR,FA,Cash Mgt etc.

You can use Prepayment invoice in AP to handle this.

Prepayment is an advance, actual invoices provided by employees from time to time will be matched to the prepayment invoice.

Any balance from employee to company can be handled using the new Refund Invoice in AP.

Under This situation,What u need to do is

1.setup the employee as supplier
2.raise prepayment invoice against supplier created in step1
3.when employee submits receipt, create a standard invoice and match it to the prepayment invoice

Example –

Advance paid is $2000
First Receipt – $200
Advance outstanding – $1800

Do the same till all prepayment is adjusted, at the end if you owe the employee, create another standard invoice and payup,
if employee owes to the company, create a refund invoice and a negative payment.

Make sense…

2. Leasing the property

I am not very sure, how best we can handle in Finance, I know There is seperate module, which take care of such kind of leasing need.

Property consists of the land, sections, and parcels, and the buildings, floors, and offices that you are managing with Oracle Property Manager,altogether a different product, which is tightly integrated with AR,FA,GL

In AR, we can handle by two ways:

1. If you have customer, use a contract short of invoice( invoice should be raised everymonth or any date in month) at regular interval.
Receive the money , from Customer and thus it make revenue line in your system.

2. Second Options
create a Receiaable activity and create a MISC RECEIPT. This is yet another way you can handle.

My exsiting customer who line of business is Hospital, they lease there car parking, cafeteria,small Clinc, labs to some third party vendors, and still they requires to recognize revenue.

Couple of this, if you provide, i will help in greater extend.

1. what module you have.
2. what is business senarios for these two cases.

Hope this would be trigger you thought process.

Thanks
sanjit

Thanks in advance, your help will be highly appreciated.

Regards,
Melvin