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What is New Addition - Leave Applicable for Encashment?
A new field Type: Leave applicable for encashment is added in the Additions and Deductions masters of the Finance application. This drop down is enabled when the Type selected is Additions.
When the Encashable setting is enabled in the Outstanding Encashable Leaves section of the Outstanding Pay Details tab (Onboarding and Exit Employee Formalities) of the Staff Portal, selecting the Encashment Type displays the Mapped Addition (as mapped in this Type: Leave applicable for encashment field above). Note that the Encashment Type can be mapped with one Addition at a time.
On mapping the Addition, the selected value is shown in the Leave applicable for encashment as shown in the figure below.
List of Additions for Leave Encashment Type along with the corresponding STP codes.
|
Type: Leave applicable for encashment |
STP Code to be Mapped |
| Annual Leave Loading (standard) | Leave type 'O' |
| Annual Leave Cashed Out in Service |
Paid leave type 'C' |
| Annual Leave Paid on Normal Termination |
Paid leave type 'U' |
| Annual leave paid on termination for genuine redundancy, invalidity, or early retirement scheme reasons |
Lump sum A, type code R |
| Personal leave cashed out in service |
Paid leave type 'C' |
| Annual leave taken |
Leave type 'O' (similarly mapped as per existing annual leave) |
Back to Leave Management in Finance