Full & Final Settlement Module in HR360+

Overview of Full & Final Settlement in HR360+

When an employee leaves an organization, whether due to resignation, retirement, or termination, the Full & Final (F&F) Settlement process becomes critical. It ensures that all pending payments, deductions, and dues are settled fairly and transparently.

Manual handling of F&F settlements often leads to errors, disputes, and compliance risks. The Full & Final Settlement Module in HR360+ simplifies this process with automated calculations, policy compliance, and seamless payroll integration, ensuring a smooth exit experience for both employees and HR teams.

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Core Functions of Full & Final Module

Full & Final Settlement

  • Calculates an employee’s total dues when leaving the company.

  • Covers salary, allowances, incentives, leave encashments, and recoveries.
  • Ensures compliance with company policies and statutory requirements.
  • Generates detailed reports for HR, Finance, and the exiting employee.
  • Integrates with payroll and SAP for accurate financial posting.

What is Full & Final Settlement in HR360+

The Full & Final Settlement module in HR360+ is designed to automate the exit process for employees by calculating all dues accurately. It takes into account:

  • Pending salary
  • Unused leave encashments
  • Bonus/incentives
  • Loans or advances recovery
  • Tax deductions
  • Other company-specific adjustments

By using HR360+, companies can ensure error-free settlements, faster processing, and complete transparency during employee exits.

Key Features of HR360+ Full & Final Module

  • Automated calculation of all dues and recoveries

  • Seamless integration with payroll and finance

  • Configurable as per company policies

  • Error-free settlements to avoid disputes

  • Employee-friendly reports for complete transparency

  • Fast and efficient processing for smooth offboarding

  • Audit-ready records for compliance checks

  • Flexible settlement cycles (monthly/instant processing)

full and final management