End of service reward calculation form

A model for calculating the end-of-service bonus according to the Saudi Labor Law for all employees in the establishment. The model is designed to provide analytical reports for the allocation formed and used during the year in addition to maintaining the cumulative movement over the years. The necessary daily entry is also obtained during the fiscal year, in addition to a report on the movement of the allocation. .

This product is suitable for each of the following categories:

All companies and institutions of different sizes and shapes, as all companies and institutions have workers and employees, and therefore they need to calculate the end-of-service gratuity annually according to the Saudi Labor Law.

Product features:

The end-of-service reward calculation model includes the following:
1- Analytical reports of the allocation made and used during the year.
2- The possibility of viewing the cumulative analytical movement of the end-of-service provision over the previous years.
3-A brief guide and policies for calculating end-of-service benefits according to the Saudi Labor Law.
4-The possibility of obtaining an automatic recording of the end-of-service gratuity settlement.
5-The possibility of obtaining the movement of the allocation throughout the fiscal year and previous years.

Product contents:

1- Analytical reports of the balance of the end-of-service reward provision.
2- Statement of policies for calculating end-of-service benefits according to the Saudi Labor Law.
3- Restrictions on settling end-of-service benefits at the end of the fiscal year.
4- Report on the movement of the allocation throughout the fiscal year and previous years.

Sources:

This model was created and designed by a team consisting of a human resources expert in addition to an expert in accounting systems and information systems.