Reimbursements

Folklore Payroll offers a comprehensive reimbursement module to address all requirements of your organization. Here are some highlights:

• Unlimited reimbursement components like LTA, Medical, Car Maintenance, etc.
• Rule based upper limits for employee entitlements.
• Monthly or annual accumulation: For example, Medical Entitlement can be RS. 15000/- at the beginning of the year or can be 1250/- per month, accumulated and carried forward every month.
• Get complete reimbursment information like opening balance, entitlement, closing balance, previous transactions, etc. during claims process.
• Validation of claims against available balances with facility to override.
• Year end processing with balance transfer to other components.
• Show reimbursement components in regular payslips or generate separate reimbursement payslips.
• Separate bank transfer statements for reimbursement components only.