Leave Encashment

Leave Encashment refers to an amount of money received in exchange for Leaves not availed by an Employee. You can submit Leave Encashment for Leave Types which are encashable.

To access Leave Encashment, go to:

Home > Human Resources > Leaves > Leave Encashment

1. Prerequisites

Before creating Leave Encashment, it is advisable you create the following documents:

• Employee
• Leave Type
• Leave Policy
• Leave Period
• Salary Structure
• Salary Structure Assignment

1. Go to Leave Encashment list, click on New.
2. Select Leave Period.
3. Select the Employee. Once the Employee is selected, the Employee's Department is automatically fetched.
4. Select Leave Type for which the Leave is encashed. Make sure the Leave Type is encashable (the 'Allow Encashment' checkbox in the Leave Type is checked).
5. Select Encashment Date. Based on the date selected, the amount will be encashed in that particular Payroll Entry.
6. Save and Submit.

On submitting a Leave Encashment for an Employee, OneHash automatically creates an Additional Salary which will get added to the Salary Slip of the Employee when processing the next payroll.

1. 1. Payroll Period
   2. Payroll Entry
   3. Additional Salary

Updated on: 29/03/2023