Delivered Loan and Advance Earnings

PeopleSoft Global Payroll for Spain uses these earnings to calculate payments for loans and advances:

Earnings Description

DEV ADELANTO

Salary advance. Contains the amount to be paid to the employee as advance payment, which the employee must pay back through later payrolls. Custom field 5 contains the label DEV ADLNTO. Only processed for the last segment in the period. No retro calculation.

DEV PRESTAMO

Loan. Used for loan payments. Custom field 5 contains the label DEV PRSTMO. Only processed for the last segment in the period. No retro calculation.

PRSTMO EX

In kind loan taxable excess. Shows the excess interest amount that results when the interest rate is lower than the statutory rate. Calculated by subtracting the loan interest amount from the statutory interest amount on a month-by-month basis.