How do I close off the year and carry forward or pay my employees for any additional leave?
At the end of the year, this system allows for any remaining leave to be carried forward to the next year or paid to the employee. As some companies have a limit on how much leave can be carried forward or paid, there is the option to include an Hours Limit for each employee when finalising leave for the year.
To end the year, simply add the maximum number of hours which you can Carry Forward or Pay to any Employee, and click the ‘Save’ button on the bottom of the page. You can also edit each employee accordingly as needed.
Note: Paid leave from a previous year will be paid according to the date of the pay run. Please see these 2 examples listed below:
In the case of a monthly pay run, if you run the end of year Leave process on any day in January, then the leave will be paid in the first pay run of that year.
In the case of a weekly pay run, if you run the end of year Leave process on the 27th January 2021, the leave will be paid within the pay run that is being processed during that week, 24th to 30th January 2021 or 25th to 31st January 2021 depending on your Year Initialisation settings. In the event that a pay run is finalised, the payment for leave will always be made in the next pay run.
To search for more information on how to use WorkForce, please visit: https://workforce.com.mt/documentation/