Seamless Full & Final Settlement
Turn a painful exit process into a smooth farewell. Automate asset recovery, calculate gratuity instantly, and generate compliant clearance letters with one click.
Settlement Slip
Rajesh Kumar • Emp ID: 2045
Total Earnings
Salary + LTA + Bonus
Deductions
Notice Shortfall, Tax
Gratuity
5+ Years Service
5-Step Exit Workflow
Ensure every resignation follows a compliant, standardized process without manual follow-ups.
Resignation
Employee submits resignation via portal. Workflow triggers for manager acceptance.
Acceptance
System auto-generates acceptance letter with Last Working Day (LWD) confirmation.
Asset Handover
IT & Admin notified to recover laptop, ID card, and other company assets.
Clearance
Digital 'No Dues' required from Finance, Library, and Dept Head to proceed.
Service Certificate
Settlement pay-out processed and Relieving Letter issued automatically.
Complete Closure Compliance
FnF is not just about paying salary dues. It involves multiple regulatory checks, asset handovers, and tax filings. Our modular system handles it all.
Asset Recovery Tracking
Never lose a laptop again. Detailed asset checklist ensures 100% recovery before clearance.
Gratuity Automation
System auto-calculates Gratuity based on 5-year tenure rules using the latest Basic DA.
Notice Period Mgmt
Handles adjustable notice periods, buyout options, and shortfall deductions seamlessly.
Compliance Forms
Auto-generates Form 16, PF withdrawal forms, and FNF statement for tax filing.
Negative Settlement
Detects if recovery amount > payable amount and generates a 'Payable by Employee' invoice.
Legal Protection
Standardized exit documents reduce legal risks associated with wrongful termination claims.
Clearance Status
In ProgressIT Dept
Cleared
Admin
Pending Asset
Finance
Waiting
FnF Questions Answered
Ideally, it takes 30-45 days. However, with our system, companies can process it as fast as 2 working days after the Last Working Day (LWD), provided all asset clearances are marked complete digitally.
Yes. If an employee wants to leave early, the system calculates the shortfall days and automatically deducts the 'Notice Pay' from the final settlement amount.
The gratuity engine checks the Date of Joining vs. LWD. If the service exceeds 5 continuous years, it auto-calculates gratuity using the formula: (15 * Last Drawn Basic * Tenure) / 26.
Yes, the workflow enforces a 'Stop Payment' logic. The Finance team cannot generate the bank advice until the IT/Admin department marks the 'Assets Returned' checkpoint as cleared.
Yes, you can trigger an exit interview form to the employee upon resignation acceptance. The feedback is stored securely for HR analytics.