Final settlement calculation
We calculate your employee's full final settlement under the LOTTT: prestaciones sociales, vacation, utilidades and indemnity if applicable. From $65.
Requesting a quote doesn't commit you to anything
- You tell us about your case. It's free.
- We send you the price in writing, within 1 to 3 hours.
- You decide. If it works for you, we start. If not, you delete it with one click and pay nothing.
No one will pressure you. Your information is used only for your case.
Is it for you?
If any of these sounds like you, this procedure is for you.
- Companies that are ending the employment relationship with one or more employees and need to calculate their final settlement accurately, under the LOTTT, to pay what's fair and avoid lawsuits
What's included and what isn't
Everything clear from the start. No fine print.
Includes
- Calculation of prestaciones sociales with the dual system of article 142 of the LOTTT.
- Interest on prestaciones sociales.
- Unused vacation and pending vacation bonus.
- Prorated utilidades.
- Indemnity for unjustified dismissal, if applicable.
- A clear breakdown by item, signed by a licensed accountant.
Does not include
- Paying the final settlement to the employee (the company does that).
- Legal representation in case of a labor dispute or lawsuit (separate legal advice).
- Monthly payroll management (separate service: Payroll management).
- Procedures with labor agencies.
What you need
Check off what you already have. You don't need everything to request your quote.
You have 0 of 6.
- The employee's start date and end date
- Reason for termination (resignation, justified or unjustified dismissal)
- Salary history
- Days of utilidades and vacation bonus that apply
- Unused vacation
- Your contact information to coordinate
How the process works
You do very little. We take care of the rest. The whole process: on average, 2 to 5 business days.
- Step 1
You give us the case
You send us the employee's details and the reason for leaving.
You do this - Step 2
We calculate the prestaciones
We work out the prestaciones sociales with the dual system, plus the other items.
We do this - Step 3
We take the more favorable one
We compare and choose the result the law requires.
We do this - Result
Done
We hand you the full breakdown signed by a licensed accountant.
You receive it
Once we have the employee's details.
What it costs and how to pay
Clear from the start.
Our fee: we do all the work for you.
How you pay: You pay once, when we start. In dollars, in bolívares at the official BCV exchange rate, or with Cashea.
How is your investment calculated?
Your investment depends on seniority and how complex the case is. What you pay us, professional fees from $65 per employee. It goes up depending on years of service and the items involved
What's paid to the employee, the resulting final settlement is paid by the company; we calculate it and back it up Your accountant gives you the exact figure before you pay anything, no strings attached.
FAQ
What happens if I just "eyeball" the employee's final settlement?
You underpay and they claim the difference, with interest, before the Inspectoría del Trabajo (labor inspectorate), or you overpay and give money away. A properly done calculation is what closes the relationship without claims.
What does a final settlement include?
Prestaciones sociales, interest, unused vacation and pending bonus, prorated utilidades and, if applicable, indemnity.
How much does it cost?
The professional fee, from $65, covers the full calculation for one employee with complete data; several employees are quoted as a package.
How are prestaciones sociales calculated?
With the dual system of article 142: quarterly guarantee versus the retroactive calculation of 30 days per year; the more favorable one wins.
Does it work for resignation and dismissal?
Yes, the items change depending on the reason.
About this procedure
When an employment relationship ends, through resignation or dismissal, the employee's final settlement has to be calculated, and that calculation is ground where mistakes get very expensive. The LOTTT defines several items that add up: the accrued prestaciones sociales with their interest, unused vacation and the pending vacation bonus, prorated utilidades and, if the dismissal was unjustified, the corresponding indemnity. Each item has its own calculation base, and mixing them up or getting them wrong is the number one cause of labor lawsuits.
The heart of the calculation is the prestaciones sociales under article 142 of the LOTTT, which the law requires to be calculated two ways: on one side, the quarterly guarantee that should have been deposited along the way, and on the other, the retroactive calculation of 30 days per year at the last full salary (salario integral); the employee gets whichever result is more favorable to them. With inflation and salary changes, doing this by hand and getting it right is complicated, and a wrong number, too high or too low, brings you trouble.
We calculate the full final settlement, item by item, under the LOTTT, and hand you a clear, defensible breakdown, signed by a licensed accountant, so you pay what's fair and you're covered against any claim. The price starts at $65 per employee and goes up depending on seniority and how complex the case is. An accountant reviews the case and gives you the exact figure before we start, no strings attached.
Legal framework and important notes
Ley Orgánica del Trabajo (LOTTT, Organic Labor Law)
- The final settlement is calculated under the LOTTT
- Prestaciones sociales (art. 142) are determined with the dual system. A quarterly guarantee of 15 days versus a retroactive calculation of 30 days per year at the last full salary, with whichever is more favorable to the employee prevailing
- Interest, unused vacation and pending bonus, prorated utilidades and indemnity for unjustified dismissal, if applicable, are added
- Payment is the company's responsibility
We guarantee our service, not what the agency decides. If something depends on them, we tell you clearly and in time.
Is your case different?Ask us, message us on WhatsApp or book a free consultation. A real person answers you.