Can we process Year-End Processing (YEP) and December month payroll simultaneously and schedule the leave encashment payment for a specific future month, such as January or February, due to budget constraints?

Yes, it is feasible to process the Year-End Processing (LYP) while simultaneously managing your December month payroll, even with budgetary constraints. When conducting the year-end processing, you have the flexibility to choose the month for disbursing leave encashment payments. You can select any month up to four months ahead, provided that the payroll for those months has not yet been finalized. This means if your December payroll is still open, you have the option to schedule the leave encashment payment for December, January, February, or March. This approach allows for better financial planning and budget management, ensuring that leave encashment payments are made in a month that aligns with your organization's budgetary needs and payroll schedule.