Final Settlement

Folklore Payroll provides a complete and easy to use final settlement module.

• Employees can be resigned and settled or settled, included in the current month's processing and resigned in the subsequent month.
• Settlements can be done for employees who are resigning in the current month or who have resigned in earlier months.
• Automatically calculates outstanding loan balances, notice pay and leave encashment
• Recovers all loan balances and income tax due.
• Settlement Calculation sheet provides full information on how the calculations have been done.