It is a sum of money added to a person's wages as a reward for good performance.
HawkHR allows you to add the bonus for which the employees are entitled according to the policy of the organization policies. The bonus can be made in advance with the automatic selection of the period as well as manual selection for a particular period.
Loan:
It is a sum of money that an employee can burrow from the company.
HawkHR enables the super admin or someone with the permission of the Payroll module to add the loans of the employees in the system. The payroll does automatically deduct the loan amount if any for the month.
It is that part of the salary which is given to the employee in advance i.e before running the payroll. Then it will be automatically deducted from the salary on running the payroll.