Full and Final Settlement

Full and Final Settlement

Full and Final Settlement commonly known as FnF process is done when an employee is leaving the organization. At this time, he/she has to get paid for the last working month + any additional earnings or deductions. The procedure has to be carried out by the employer after the employee resigns from their services.

Prerequisite

• Renewal policy should be configured
• Retirement policy should be configured
• Resignation policy should be configured
• Termination policy should be configured

Role

Finance Admin

Path

No Dues » Employee

Functionality

• Full and Final Settlement commonly known as FnF process is done when an employee resigns from their services and the resignation needs to be approved from the reporting authorities.