There are two scenarios
- Leave encashment is already defined in the leave policy with the relevant payroll component for this. So, there is no need to do anything extra for encashment. At the time of leave year ending, the system will post an encashment transaction and payroll will fetch this data and process encashment as well in the concerned payroll month.
- You have just modified the year end policy with encashment provision. When there is a year end policy change during year end process, the system will post an encashment transaction. However, you may not have envisaged a relevant component in the payroll and hence not defined it in the payroll. So, there is a lapse in the payroll data. Create a support ticket and Greytip will assist with this.