- In Configuration, click Benefits
- Select File, New, from the menu bar and select one of these benefit types:
- Employer Contribution - benefits for which your organization pays part of the expense and the rest is paid by employee. For example, the employer's expense for medical insurance.
- Cash - benefits you pay to employees for dependent care or adoption expenses assistance.
- Non-Cash Compensation - non-cash benefits your organization provides such as the value of an employee's company car.
- Enter a Benefit ID, Status of Active, and a Benefit Description
- In the Link to these deductions field, click the binoculars and select the deduction to link to, if desired. For example, to link the employer's contribution benefit to the employee's 401(k) contribution. When you link to a deduction, the deduction's rate, schedule, and other settings default to the benefit record.
- In the Rate field, select the method of calculating the amount paid for the benefit. You can select from Amount, Percentage of gross, or Percentage of deduction.
- In the Pay stub ID field, select a label for the benefit on pay stubs.
Note: Pay stub IDs are defined on the Tables page in Configuration.
- If you have Accounts Payable, you can enter a vendor's name in the Vendor for remittance field or click the binoculars to select a vendor.
- If applicable, mark the Include amounts for this benefit in W-2 Box checkbox, and select the appropriate W-2 box from the drop-down menu
- View and establish the tax settings for Federal, local and state for this benefit
- On the Restrictions tab, select any appropriate restrictions for this benefit
- On the GL Distribution tab, enter both the debit and credit GL Distributions
- Enter any appropriate information the Schedule and Attributes/Notes tabs
- Save and close the benefit record
For additional information, refer to the Payroll Configuration Guide (PDF).