Cloud Payroll - What is the function of Encashment column at leave cutoff in Year End Process?

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Question : What is the function of Encashment column at leave cutoff in Year End Process?

YE Encashment01.png


Answer :

Those un-utilized leave (maximum number of days) can be converted into cash, it will be calculated as paid leave in next year January payroll process.

1. For example, Employee E-0001 is given 2 days of AL encashment.

YE Encashment02.png


2. After completed year end, in January 2021 payroll process, the 2 days of encashment leave will be reflected at paid leave column.

YE Process 03.png


YE Encashment02.png


Prepared by Chen Ong 210221,Azirah 210223, P210223



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