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Settlement

Parting ways with employees can be a tough thing, and when money is involved things can get quite complicated. Having clearly defined separation policies in Goodbooks HRMS can make things easier to manage for the payroll team. The settlement screen helps an organization to complete all the financial settlements of any employee who is leaving or relieving from any particular provision. Go to HRMS - Transaction - Separation - Settlement Entry
  1. Relieving Number: The relieving number which was created using the separation screen is needed to be selected in this field. The separation screen generates a relieving number for every single separation entry, select the desired number to create a settlement entry.
  2. Relieving Date: The date when an employee did the process for relieving is entered in this field.
  3. Employee Code/Name: The respective employee code and name will be shown automatically once selecting the relieving number.
  4. The table given below will be able to record separate settlement entries.
    • Operation Type:
    • Settlement Amount Type: The settlement type is needed to be selected here. The settlement is due to any facilities or the employee is relieving.
    • Amount: Enter the amount that needs to be settled by either employer or employee.
    • Remarks: Provide any remarks regarding the settlement.
  5. Add/Delete Row: Click add/delete row to add/delete any additional settlement details.
  6. Click the Save button to create the settlement entry.

Contents

Revisions

Revision Differences

October 8, 2021 @ 08:11:36Current Revision
Content
Unchanged: Parting ways with employees can be a tough thing, and when money is involved things can get quite complicated. Having clearly defined separation policies in Goodbooks HRMS can make things easier to manage for the payroll team.Unchanged: Parting ways with employees can be a tough thing, and when money is involved things can get quite complicated. Having clearly defined separation policies in Goodbooks HRMS can make things easier to manage for the payroll team.
Unchanged: The settlement screen helps an organization to complete all the financial settlements of any employee who is leaving or relieving from any particular provision.Unchanged: The settlement screen helps an organization to complete all the financial settlements of any employee who is leaving or relieving from any particular provision.
Unchanged: <strong>Go to HRMS - Transaction - Separation - Settlement Entry</strong>Unchanged: <strong>Go to HRMS - Transaction - Separation - Settlement Entry</strong>
Unchanged: <ol>Unchanged: <ol>
Deleted: <li>Relieving Number:</li> 
Deleted: <li>Relieving Date:</li> 
Deleted: <li>Employee Code:</li> 
Deleted: <li>Employee Name:</li> 
 Added: <li><strong>Relieving Number</strong>: The relieving number which was created using the separation screen is needed to be selected in this field. The separation screen generates a relieving number for every single separation entry, select the desired number to create a settlement entry.</li>
 Added: <li><strong>Relieving Date</strong>: The date when an employee did the process for relieving is entered in this field.</li>
 Added: <li><strong>Employee Code/Name</strong>: The respective employee code and name will be shown automatically once selecting the relieving number.</li>
 Added: <li>The table given below will be able to record separate settlement entries.
 Added: <ul>
 Added: <li><strong>Operation Type</strong>:</li>
 Added: <li><strong>Settlement Amount Type</strong>: The settlement type is needed to be selected here. The settlement is due to any facilities or the employee is relieving.</li>
 Added: <li><strong>Amount</strong>: Enter the amount that needs to be settled by either employer or employee.</li>
 Added: <li><strong>Remarks</strong>: Provide any remarks regarding the settlement.</li>
 Added: </ul>
Deleted: <li>Table</li> Added: </li>
Deleted: <li>Operation Type:</li>  
Deleted: <li>Settlement Amount Type:</li> 
Deleted: <li>Amount:</li> 
Deleted: <li>Remarks:</li> 
Deleted: <li>Add/Delete Row:</li> 
 Added: <li><strong>Add/Delete Row</strong>: Click add/delete row to add/delete any additional settlement details.</li>
Deleted: <li>Click the Save button to create the settlement entry.</li> Added: <li>Click the <strong>Save</strong> button to create the settlement entry.</li>
Unchanged: </ol>Unchanged: </ol>

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