Full and Final Settlement

Full and final settlement refers to the complete payment of any obligations, debts and claims where outstanding issue is terminated. A settlement agreement can be drafted so that it releases all claims whether or not known to the parties at the time of execution.

To view Full and Final Settlement

1. On the HR menu, under Payroll, click Full and Final Settlement.

The Full and Final Settlement page appears

There are three options to process full and final settlement.

• If you want go for employee search from the filter type drop down box.

• Select Employee Search from the Filter Type drop down box.

The details displayed are:

1. In the Employee Name text box, enter the employee name.

2. Click Search.

The name will appear as a filter result displaying employee ID and employee name.

• Click on the check box against each employee for whom you want to run the Full and Final Settlement and then click Process FNF.

FNF Job ID will be created.

Under Process Details section, the details displayed are:

Full and Final Settlement Job ID Details

• If you want to view FNF Job ID, click the FNF Job ID link.

The Status Details window appears which will indicate the process status.

Full and Final Settlement would be complete only when the count appears under completed cell.

• Click   to view the Employee Wise Details.

The details displayed are:

Employee Wise Details

• If you want to go for filter employees in the filter type drop down box.

1. Select Filter Employees from the Filter Type drop down box

You can filter employees based on division, department, location and designation to run full and final settlement.

2. Select the division from the Division drop down box.

3. Select the department check box from the Department drop down box.

4. Select the location check box from the Location drop down box.

5. Select the designation check box from the Designation drop down box.

Note 1:            To include all the fields from the drop down box, click Check All.
Note 2:            To exclude all included fields from the drop down, click Uncheck All.
Note 3:            To exclude a specific field from the drop down, clear the corresponding check box. 

6. Click Search.   

Selected employees will appear under filter list as explained in select employee process.

• Click on the check box against each employee  for whom you want to run the Full and Final Settlement.

• Process FNF button will appear next to download button.

• Click Process FNF.

FNF Job ID will be created

Under Process Details section, the details displayed are.

Full and Final Settlement Job ID Details

• If you want to view FNF Job ID, click the FNF Job ID link.

The Status Details window appears which will indicate the process status.

Full and Final Settlement would be complete only when the count appears under completed cell.

• Click   to view the Employee Wise Details.

The details displayed are:

Employee Wise Details

• To upload employees from the filter type drop down box, select Upload Employees from the Filter Type drop down.

1. Click Download to download the FNF template.

The Template has only one field – Employee ID.

Update the employee id for whom the FNF needs to be processed.

2. Click Choose File, browse and select the file and then click Upload.

• The Employee Details will appear under filter result.

1. Click on the check box for whom you want to run the FNF Settlement.

2. Click Process FNF.

FNF Job ID will be created.

The FNF Settlement details will appear under Process Details section.

Full and Final Settlement Job ID Details

• If you want to view FNF Job ID, click the FNF Job ID.

The Status Details window appears which will indicate the process status.

Full and Final Settlement would be complete only when the count appears under completed cell.

Click to know more:

Payroll

Loan Mapping

Form 16

Form 16 Acknowledgement

Hold and Release Pay

Loan Master

LOP/LOP Reversal Upload

Payroll Process

Payroll Scheduler

Payroll Upload

Revert Resignee

Twenty Four Q

Transition Data Upload

IT Plan or Proof Upload

Payroll Download