Adding employee BIK involves recording non-cash benefits provided to employees, such as company vehicles, accommodation, or other perks that have a monetary value.
This process is essential for ensuring accurate payroll reporting, tax compliance, and proper calculation of employee benefits. You need to add BIK details when employees receive these benefits, as this helps determine the tax implications and ensures that both the employer and employee are informed about the value of the benefits provided.
To add, edit and end benefit in kind details on an employee's record or by uploading details in bulk, watch the video or follow the steps below:
Click Employee then in the Search name field, enter the employee number.
Click View then click Benefit in Kind.
Click Add then from the Benefit Code drop down menu, select the relevant BIK pay code.
Fill the fields then click Submit.
If required to edit the relevant BIK, click the three-dot menu.
Click Edit then add an end date to end the BIK record.
To save changes, click SUBMIT.
For further information, check the Maintain Benefit in Kind user guide.