Momscode - Club Sulaimani - Leave Encashment

*Prerequisites

In Moms Custom Settings set values in Leave Encashment,

• Leave Encashment Applicable Leave Type

In this Leave Type,

• Enable the ‘Allow Encashment’ checkbox and select an ‘Earning Component’
• Allocate this leave to the relevant employees

In Employee Master,

• Set ‘Leave Encashed?’ to ‘Yes'
• Select the Encashment Date
• The Leave Balance will be automatically fetched from the allocated leave type.
• Enter the number of ‘Allowed Encashment Days’
• Click ‘Create Leave Encashment’

After clicking the ‘Create Leave Encashment’ button, a Leave Encashment record will be created

    Encashment Amount = (Basic + DA) * Encashment Days

Where,

    Base = ((Base * 0.50) / Total Working Days) * Encashment Days
    DA = ((Base * 0.10) / Total Working Days) * Encashment Days

And an Additional Salary will also be generated accordingly