A Full & Final Statement, often referred to as a Full & Final Settlement (FnF), is a document prepared by an employer when an employee leaves the organization. It summarizes the financial transactions related to the employee’s final pay and benefits, ensuring all dues are settled and both parties have fulfilled their obligations.

Provides closure to the employment relationship and ensures financial settlement of all dues. Protects both the employer and employee from future claims or disputes regarding pending payments. Timely and accurate settlement enhances employee satisfaction and maintains positive relations with former employees.

In conclusion, a Full & Final Statement is a critical document that ensures all financial matters related to an employee’s departure from the organization are handled transparently and in accordance with legal and organizational standards.