The Leave Year End (LYE) process is an annual exercise conducted by the organization at the end of the leave year. It ensures that all leave-related details, such as lapses, encashments, and carry-forward balances, are in place before the next leave year begins.
To complete the leave year end processing, the application performs the following actions based on your company policies:
- Closes previous leave year and opens new leave year.
- Carry forward leave balance as an opening balance to the new leave year.
- Lapses extra leave balance.
- Encashes leave automatically.
- Leaves are granted for the new leave year.
- Restrict employees to apply for leaves for the previous leave year.
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