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Best practice to process taxable fringe benefit in Oracle Fusion

edited Apr 25, 2024 7:43PM in Benefits 3 comments

Summary:

We have managers who purchase gift cards for their staff and show appreciation to their work. These gift cards are considered fringe benefit and are taxable. We are currently mining the gift card data from a custom report in Expenses, then email managers to confirm the recipients and amounts, manually create a template file to include emplids and dates, and manually upload to Payroll element.

I am curious how your company handles taxable fringe benefits? Is there an Oracle's recommended best practice? It can start from HCM side or Financials side.

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