How to change the full & final settlement month

To complete the full and final settlement process for an employee, it is essential to account for the time required for clearance, which typically takes 30-45 days after their last working day. In Keka, the employer can select the final settlement month during the FnF process so that the system can calculate it accordingly. This ensures that the settlement process happens smoothly, even with the delay caused by clearance.

To change the F&F Settlement Month, Click on the Org (1) tab, Select the Exits option (2), then navigate to the Exit Process tab (3) and locate the Exits in Progress section (4). Find the employee you want to change the F&F Settlement for and under the Actions column, click on the Manage.

In the next window, navigate to the Finances tab and select the option to Review & Finalize.

In the Finalize step, locate the payable summary and click on the Manage option next to it.

Adjust the settlement date as needed, then click the save button to apply your changes.

Well, now you have successfully changed the F&F Settlement Month! If you have more queries, please refer to the other articles or contact our product experts right away!