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+>_Navigation : Home > My Recruitment > Allocation > Leave Encashment_
+
+###Prerequisites
+Before creating a Leave Encashment, it is advisable you create the following documents:
+• Employee
+• Leave Type
+• Leave Policy
+• Leave Period
+• Salary Structure
+• Salary Structure Assignment
+
+1. Click on 'Leave Encashment’ under [Allocation] section and you will arrive at Leave Encashment Listing
+2. Click ‘+ Add Leave Encashment’ to create a new Leave Encashment.
+3. Select a Leave Period.
+4. Select the Employee. Once the Employee is selected, the Employee's Department is automatically fetched.
+5. Select Leave Type for which the Leave is encashed. Make sure the Leave Type is encashable (the 'Allow Encashment' checkbox in the Leave Type is checked).
+6. Select Encashment Date. Based on the date selected, the amount will be encashed in that Payroll Entry.
+6. Click Save and Submit and a new Leave Allocation is created.
+
+###Notes:
+1. As you select Employee and Leave Type, Leave Balance and Encashable Days (which is total leave balance minus the threshold days set in Leave Type) will be shown along with the Encashment Amount based on the Leave Encashment per day as configured in the Employee's assigned Salary Structure.
+2. On submitting a Leave Encashment for an Employee, ByondHR automatically creates an Additional Salary which will get added to the Salary Slip of the Employee when processing the payroll.