Payroll · Glossary
Final settlement
The last pay-out at offboarding: salary owed + leave encashment + bonuses − deductions − loan balances.
Full definition
Final settlement is the last pay-out an employee receives when leaving the company. It includes salary for days worked, encashment of unused leave (per policy), any due bonus or commission, less deductions (notice-period shortfall, loan balances, asset recovery). Zaffre Axon calculates the final settlement from the offboarding workflow and pays it through the pay run.
See also
Final settlement in practice
See how final settlement is handled in Zaffre Axon across HR, payroll, attendance and operations.
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