Overview: Leave encashment refers to an amount of money received in exchange for a period of leave not availed by an employee. Encashment of accumulated leave can be availed by an employee at the time of retirement, during the continuation of service or at the time of leaving the job.

Process of Leave Encashment in HRXpert Software

1. Firstly, Go to Masters > Company Information. Press Enter.

2. A company master window will appear. Select 'Misc details'.

3. Then click on Edit and user will enter the no. of days to be divided for leave encashment according to the company.

4. Now, click on Save tab to save the changes.

5. Then Go to Masters > Heads of Income/Deduction.Press Enter.

6. An income & deduction window will appear. In Leave encashment the user will select the calculation heads of leave encashment then click on Save tab to save the changes.

7. Then Go to Data Entry > Leave Encashment. Press Enter.

8. A leave encashment window will appear. Select Grade then click on Show tab.

After following the above steps Leave encashment report get display.