Benefits-in-kind. 1. How do I give to a person as one-time?
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"Benefits-in-kind. 1. How do I give to a person as one-time?"
When your company pays for a benefit that a person uses outside of work, it's considered a "Benefit-in-kind". In some cases, you may want to set it up as only a one-time "Benefit-in-kind", so it's added to the person's payslip only once.
To give a person a one-time "Benefit-in-kind":
- First, tap: MenuExpense claim
- Select the person who's getting the one-time: "Benefit-in-kind"
- Scroll down, and select: Benefit-in-kind
- You can attach an image, like a receipt, or tap: Skip image
- Type in how much the "Benefit-in-kind" is worth, and tap: Next
- Then type a short description of the one-time "Benefit-in-kind", and tap: Next
- And because it's a payroll admin who's entering it, the expense is automatically approved.
- Now, to see how it shows up on the person's payslip, scroll down and tap: See on payslip
- And finally, when you hover your mouse over the "Benefit-in-kind" amount, you'll see the details.
Also remember that:
- A "Benefit-in-kind" increases the person's tax, and doesn't increase the person's in-the-hand pay.
- However, the person still gains by receiving the non-cash benefit.
To learn more:
- About how to add a "Benefit-in-kind" that's added to the person's payslip every payday, watch the video on: Repeating benefit-in-kind
And that's it! That's all you need to do to give a person a one-time benefit-in-kind!
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