Payroll advance
A payroll advance is early payment of part of the wage, settled in the same payroll period — not a loan to the employee.
Advance, or loan?
Payroll advance
Part of the wage already earned is paid out earlier. The amount is settled in the same month, so nothing is carried into the next period. In Slovakia this is a deduction agreed with the employee, and it is free of charge for both sides in NidBo.
Micro-loan
A longer-term loan with instalments spread over several months. It is only charged when it is drawn, and the interest range depends on the plan the company uses.
What it means for payroll and HR
One place for requests
Requests stop arriving by e-mail or in person. HR approves them in the app and sees the current draws.
A deduction, not a benefit in kind
The advance is deducted from the wage in the payroll, so it does not change the employment relationship.
Documents ready for invoicing
From the Grow plan the platform prepares monthly documents for invoicing automatically.
Approval rules you define
Automatic approval can depend on contract length or on whether the employee is in a notice period.
A visible audit trail
Every request, approval and deduction is recorded, which is exactly what an inspection or an internal audit asks for.
Repayment risk stays with the company
The employer provides the money, so the company carries the risk. We provide the platform and the legal framework.
The operational side — request, approval, payout — is on the on-demand pay page.