What is Gratuity?
Gratuity is a sum of money paid by an employer to an employee for services rendered in the company. However, gratuity is paid only to employees who complete 5 or more years with the company. It can be understood as a form of tip paid by employer to the employee for services offered in the company. Since tips are a function of culture, various countries have various gratuity limits that are doled out by employers.
So, with ERPNext, how to calculate these types of Employee Benefits, which is not actually a Salary, but still a expense & have to pay in term of Bonus/Benefit. Similar to Gratuity, Diwali Bonus also there which is paid as One month salary on this Festival (usually in India). Either it should be included in Salary Slip or not?
Please guide, if need to manage this via custom app, but how. Kindly share your views.