Procedure would be as follows:
1)In IT 15 enter any adjustments to deduct any loan balances.
2)In term'n workbench. Enter pers.no., term'n date, reason, etc, Execute simulation.
3)Calc.pay, to bring up pay slip with term'n payments/deductions. Verify details.
4)Enter any further changes or IT 15 as required.
For example, a leave cash out may not be correct. This woud be due to inconsistencies between IT 2001/2006. Often correcting the absences/deductions may take too long. In such cases, it could be expedient to enter an IT 15 for the difference.
Repeat step 3 if necessary.
5)Complete actual termination.
6)Simulate payroll for next period. Check payslip details.
7)Pay term'n payment including current period pay by cash/cheque.
8)Enter IT 11 or 15 for the payment.
9)Next period payroll should now have zero payment amt.
Hope this helps.