The full and final settlement involves calculating and settling all outstanding dues, such as salaries, bonuses, incentives, and benefits, and ensuring that any outstanding loans or advances are fully repaid.
To lock/unlock the final settlement process of an employee, the admin must perform the following actions:
- From the greytHR Admin login, navigate to Payroll > Payroll Inputs > Final Settlement.
- Using the Filter and Employee dropdown lists, customize the list of employees as per your requirements.
- Click the Lock/Unlock icon under the Lock / Unlock column for the required employee. A success message appears.
Note: You can also use the Edit, Delete, and Download icons available next to the Lock / Unlock column for editing, deleting and downloading the final settlement details of an employee.
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❓FAQs: To read more FAQs about Full and Final Settlement, click here.
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