Verdeshell HRMS
Full and final settlement, from resignation to relieving letter
Verdeshell HRMS runs the exit — clearance, settlement and letters — and calculates the full and final amount, with a second person approving it.
What’s included
- Resignation and exit approval
- Department clearance checklists
- F&F calculation
- Notice pay or recovery
- Leave encashment
- Relieving and experience letters
How it works
- 1
Exit starts
The employee resigns, or HR starts the exit; it is approved.
- 2
Clearance
Each department clears its checklist, with daily reminders.
- 3
Settlement
HR calculates the F&F; a second person approves it.
- 4
Close out
Mark it paid and generate the exit letters.
What you can do
- Final-month salary and pending arrears
- Leave encashment by your rules
- Unpaid bonuses and reimbursements
- PF, ESI, PT and TDS on the settlement
- Asset recovery and other deductions
- Exit interviews, alumni and exit analytics
Who it’s for
- HR teams handling exits
- Payroll and finance teams
- Companies with frequent attrition
Good to know
- Gratuity is shown as an estimate and paid separately
- Asset recovery amounts are entered by hand
Questions
What does the F&F settlement include?
Final salary, leave encashment, notice pay or recovery, pending bonuses and reimbursements, statutory deductions and any recoveries.
Is gratuity included?
The settlement shows a gratuity estimate (15/26 × (Basic + DA) × years) as a reminder; gratuity itself is paid separately.
Who approves the settlement?
HR calculates it and a different person approves it before it is marked paid.
Does it generate exit letters?
Yes — relieving, experience and F&F letters once the exit is complete.