Leave Encashment
Leave Encashment in PrismERP allows employees to receive monetary compensation for eligible unused leave, according to the company's leave policy. Users can create leave encashment applications for individual employees or select multiple employees to submit applications in batches. The system calculates the applicable encashment rate and displays the available encashable leave balance, while users specify the number of leave days to encash. After submission, applications can be reviewed and approved or rejected according to company policy. For approved applications, users can generate the payment and view the corresponding payslip from the application details.
Add Leave Encashment
| Field | Action |
|---|---|
| Branch | Select the branch of the employee. |
| Department | Select the department of the employee. |
| Sub Department | Select the sub-department of the employee, if applicable. |
| Section | Select the section of the employee, if applicable. |
| Floor | Select the floor assigned to the employee, if applicable. |
| Employee | Select the employee applying for leave encashment. |
| Leave Type | Select the type of leave to be encashed. |
| Application Date | Select the date of the leave encashment application. |
| Encash | Enter the number of leave days to be encashed. |
After clicking Next, the Leave Encashment form will open where users must select the leave type and application date. The system automatically calculates the encashment rate and displays the applicable encashable leave balance based on the employee’s leave policy. Users then need to enter the number of leave days they want to encash. Once all required information is provided, clicking Save will complete the encashment process and record it in the system.
After saving the leave encashment request, it will appear in the Leave Encashment Application List. From this list, users can review all submitted applications and take necessary actions such as approve or reject based on company policy.Users can also perform batch leave encashment by selecting multiple employees at once, allowing encashment to be processed in bulk instead of creating individual entries.If the user clicks on the application name, the system will open the detailed view of that encashment record. From here, users can generate the payment for the approved encashment and also view the corresponding payslip.
