Maintenance of Fringe Benefits codes is used to create Fringe Benefit tax types.
1. Select a menu path of Maintenance Ø Fringe Benefits.
2. To create a new fringe benefit code, press the ‘New’ button.
3. When completed press the OK button. The refreshed Fringe Benefits listing window will be displayed.
Explanation of fields – Fringe Benefits
|
Name |
Description |
|
Benefit Code |
Enter a unique identifier for the fringe benefit code. |
|
Description |
Enter a name for the Fringe Benefit code. |
|
Reportable |
Select the checkbox to indicate whether it is required to be reported at tax time. |
|
Gross Up Value on group Certificate |
Select if this is required. |
|
Value |
Enter value for the benefit. |