Leave encashment allows you to pay salary to employees in lieu of leaves accumulated over a period of time.
To encash leaves, go to Payroll > Leave Encashment
On the above screen, make selections as explained below:
Once all selections are made, click on 'Generate Summary'. You will see a summary of encashment for employees who are eligible as per selected options:
If the calculations appear correct, click on Process to calculate leave encashment for each displayed record.
To change the selections, click on Change Options to go back to Encashment Options and make necessary changes.
Once you click on Process, the system will calculate leave encashment for each employee and update values for the currently active period.
Encashment values are updated for each employee in same way as any other Variable Salary is captured.
Go to Data Capture > Variable Salary
Select Leave Encashment in the component dropdown and click Load Employees.
Here, you can see the amount of encashment calculated by the Leave Encashment process. In case you want to delete the encashment for any particular employee, click on blue 'List' icon at end of the row. Another dialog will open to display details of the calculation and amount. Simply click on 'Delete' to remove the record.
To increase the encashment amount, enter the value in Amount column, enter your comments and click on green 'Plus' button to save
Do not use Variable Salary capture page to directly capture leave encashment values. This will reflect the encashment amount in salary but will not deduct the leave balance from employee accounts.
