F&F Resettlement | Post-Exit Corrections

Payroll teams can now create additional Full & Final (F&F) settlements for exited employees — without reopening previously closed settlements.

This enhancement enables you to process post-exit corrections such as missed bonuses, late deductions, recovery adjustments, or tax overrides, while preserving the integrity of the original settlement.

Each additional settlement is recorded independently, ensuring:

• Historical accuracy
• Clear audit trails
• No modification to previously finalised F&F records

Why This Matters

In real-world payroll operations, post-exit adjustments are common. For example:

• A bonus was approved after F&F was completed
• A deduction was identified late
• A tax (TDS) correction is required
• A recovery needs to be applied

Previously, this required reopening or manually adjusting historical settlements.

Now, you can create a separate F&F resettlement, keeping the original settlement intact.

What You Can Do

With Additional Settlement, you can:

• Add bonuses, ad-hoc payments, or deductions
• Apply or override TDS
• Generate a separate F&F statement
• Keep the original settlement unchanged
  
  

What You Can Include

1. Bonuses

If any bonuses are pending, they will be listed. You can:

• Pay the full bonus
• Partially pay the bonus
• Void the bonus (if not applicable)

Paid or voided bonuses will automatically reflect in the summary.

2. Ad-hoc Payments

You can add custom payments by:

• Entering a name
• Specifying the amount
• Marking it as taxable (if applicable)
• Adding optional notes

3. Ad-hoc Deductions

You can add new deductions by:

• Providing a name
• Entering the amount
• Adding optional notes

4. Tax (TDS)

• TDS is auto-calculated based on the mapped payroll month.
• If required, you can override the calculated TDS.
• A reason must be provided for overrides — this is logged for audit purposes.

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