There can be instances when you may have to recalculate the Final settlement of your employee. If any bonus, incentive, etc., was due to be paid to the employee during his tenure and was not processed in the final settlement, it can be paid using the resettlement option.


This could also be due to various reasons like short payment/recovery or any changes in the final settlement.


You have the option to re-do the calculations using the resettlement option.


To use the resettlement option:


On the Home Page click “Employees”.

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Click on “Manage Exit”.

 

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Click “Add employee”.

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Click “Resettlement”.

 

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Click “Add Employee”.

 

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Enter the “Employee Code”.


 

Select the “Resettlement Month”. The resettlement month will be the month you are currently processing.


You must ensure the payroll for the previous month is locked.

 

Choose the “Add Variable Component”.

 

Enter the “Amount”.

 

Click “Add to List”.

 

Click “Process”.

 

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To use the resettlement option for multiple employees, click “Import” from the drop-down.

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Click “Download template here”.

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Update the details under the “Resettlement” sheet and “Save” the file.  



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Click “Choose file” and select the file.  

 

Click “Import”. 

 

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Once imported, the employees will be listed below.

 

Click “Process Resettlement” to process the Resettlement for the employees.

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Click “Process”.

 

 

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After the process is completed, click on the drop-down you have two options:

  • Revoke ­-Selecting this option, the resettlement transaction will get revoked i.e., the transaction will be cancelled.

 

  • Report - You can view the report of the processed re-settlement.

 

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Once the process is completed, you can view the pay slip by clicking the “View Pay slip” option.

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To download the report, click “Download”.

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In case you want to override the tax deducted by the system on the resettlement amount, you can use the “Tax override option”.



To know more about the override option please click How to override the tax in resettlement”.


 

 The video outlining the process is attached for your reference.