Types of leave cycle basis

A leave cycle is the 12 month period on which time off is calculated and granted to employees in accordance with their employment contract. There are 2 types of leave cycle to choose from:
Leave cycle Description Renewal
Fiscal year 1. Calendar year
Follows standard calendar, starting from 1st January - 31st December for all employees

2. Custom year
Follows custom 12 month period you select, starting on the same date for all employees
Example: 1st September - 31 August
The leave cycle will begin on the 1st of the calendar month
Join date Follows custom 12 month period, starting on the join date for each employee
Example: 10th September - 9th September
The leave cycle is determined by an employee's join date and will be refreshed according to his/her work anniversary date
Fiscal year:
Join date:
Swingvy tip: 
1. Every leave type will require a separate general setting.
2. All leave balances will be renewed when the new cycle begins.
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