You may easily create reimbursement components for your employees through Asanify and your employees may claim them.
Here is a step-by-step guide.
Step 1: Go to the Salary Components tab.
Step 2: Add the details to create a new custom reimbursement.
Step 1: Go to the Salary Components tab.
Go to the Salary Components tab from the left navigation bar.
Click on the Reimbursements option.
Click on the + New Reimbursement button.
Step 2: Add the details to create a new custom reimbursement.
Give a suitable Reimbursement Name and a Description if you want to.
You may select if your reimbursement is part of an FBP (Flexible Benefits Plan) or if it's not a part of an FBP by choosing either the Yes or No checkbox.
Click on Save and add Tax treatment.
You may select the frequency with which the amount would be paid.
You may select if the amount paid would be fixed for every period or if would it vary depending on the amount that is eligible.
You may select if the fixed paid amount would be taxed or not.
You may select when the bills would be considered for tax adjustment.
Select if the calculation should be on a pro-rata basis.
Click on the Summary button.
You may view a summary of your configuration.
Click on the Create button.
Click on View Reimbursements.
You may view the reimbursement that you have just created.
