Leave encashment

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This section explains how to run the leave encashment process. Navigate to Control Panel → Leaves → Balance.

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Click the dropdown beside "Manually Adjust" and select the option "Encashment Leave Balance" to run the leave encashment process.

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You can specify the effective date for which you want to run the leave encashment and choose whether to include future leaves.

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A description is also provided for your reference.

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You can choose whether to round off the leave balance, using standard round-off or no round-off, according to your requirement.

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Specify the basis for calculating leave encashment, such as earliest taxable, and select or clear options as per your policies.

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Select the leave types eligible for leave encashment, which are marked as cashable when creating the leave categories.

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Define the encashment calculation basis, whether LOP, basic, or a specified value, and set the eligibility for employees, including deactivated ones if applicable.

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Specify the minimum number of days present for eligibility and the maximum limit for leave encashment, for example, 7 or 10 days, and expire any remaining balance as per policy.

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Select the employees for whom you want to run the leave encashment process and select or clear them as required.

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You can also enable or disable options for expiring leaves of employees not meeting the criteria according to your policy.

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Click "Next" to proceed and review the leave encashment for the selected leave categories, including annual leave and leave day.

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If any changes are needed for the leave encashment payment, make them here and click "Next" to preview the salary for all employees included in the process.

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You can check the total calculated amount for each employee and proceed to the next step.

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If needed, you can download a CSV file before running the leave encashment process to verify that amounts are calculated correctly or make adjustments.

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After reviewing, click "Next" and then "Finish" to complete the process, and the leave encashment amounts are added for the respective employees.