Best practice to process taxable fringe benefit

Summary:

Our managers purchase gift cards for their staff to 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.

How does your company handle taxable fringe benefits? Is there an Oracle's recommended best practice?

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24A

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