Final Settlement

Ensuring transparency in the off boarding Process. Zeldesk HRMS calculates the total and final payable for an employee and provides the exact amount with the receivables.

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KEY BENEFITS

  • Automatic Full and Final Calculations: As HR executes the final settlement process, Zeldesk HRMS intelligently calculates employee's full and final debts and gives the exact amount with the receivables. Payroll details such as bonus, unpaid salary, unused leave, gratuities, medical expenses, etc. will be at your disposal in few seconds.
  • Determine important recoverables: When an employee leaves a company, he / she claims recoveries upon departure. Comprehensive and final settlement is a hectic process, but Zeldesk HRMS brings a sigh of relief to human resources as it calculates all recoverable amounts in no time. This helps them to perform a smooth exit process for a final settlement without error.
  • Entire Full and Final settlement: Zeldesk HRMS gives you an overview of the complete and final settlement process. It calculates and facilitates you with the appropriate full and final amount amount to pay. It offers a comprehensive final settlement letter summarizing the entire final settlement process.

01. Employee Initiation

Enables users to initiate resignation through ESS portal. Based on the need of your organization, you can have forms like Exit form, Resignation form etc. used by the HR team and also by the employees.

02. Employee Exit Clearance

Create multiple departments to group employee’s exit clearance in the system. Also, you can create multiple clearance items and no dues checklist across different Roles, Departments, and SBUs etc.

03. Net Payables

As soon as you start or terminate the full and final settlement process for any employee who leaves your company, Zeldesk HRMS will generate significant payroll figures for the net accounts payable and receivable balance. These calculations can be done automatically for you, simply by clicking a button.

04. FINAL PAYABLES

Zeldesk HRMS will automatically calculate the final amount payable for each employee subject to an "exit" process. Important payroll information, such as payables, annual bonus, LTA, medical expenses, tips, leave, etc., will be communicated to you in no time.

05. FINAL RECOVERABLES

Often, when employees leave your company, significant recoveries must be made before they leave. Zeldesk HRMS will help you determine the final recoverable amounts in relation to an asset, petty cash, loan advance, etc. that may be pending with respect to employees.

06. SUMMARY STATEMENTS

When you are searching for a snapshot of past full and complete settlement activities, Zeldesk HRMS will provide you with an informative "statement summary". Not only that, you can choose start and end date filters for the given period for which you want the summary statement to be generated.

07. Full and final settlement

Zeldesk intelligently calculates the full and final payables of an employee and gives the exact amount with the receivables. Key payroll information, such as bonus, unpaid salary, unused leaves, tips, medical expenses, etc., will be available to you in seconds, providing you an overview of the complete and final settlement process. It calculates and facilitates you with the appropriate full and final settlement amount to disburse.

Frequently Asked Questions

HRMS stands for "Human Resource Management System". exactly HRMS is a simple HRMS tool designed to manage and access End to End HR and Payroll Management of a company. It helps you to all aspects of the HR and payroll processing in a company.

Your personal information is completely secure within Zeldesk HRMS. Role-based access ensures user to access information as per the assigned permission levels based on the work function.

Payroll components are used for payroll processing like earning, deduction and tax components. You can easily define various types of payroll components such as earning types like Basic, HRA etc., multiple deduction and tax types to exactly match the payroll processing requirements of your organization.

Yes, employees can apply leave using this application also the Admin can accept or reject the leave from application

Yes, you can generate reports based on different type of filters using this application.

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Simple pricing
Just 7 GBP per month per active employee.

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