Can I hold off on completing the Year End Process until February? What are the implications?

Delaying the Year End Process until February does not typically result in direct implications. However, it's important to note that leave encashment and carry forward actions will remain pending until the Year End Process is completed. Additionally, for leave encashment, you must select a month in which payroll has not yet been finalized. This selection should be made when you actually proceed with the Year End Processing.