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Attention: Customers with NetSuite Electronic Bank Payment (EBP) SuiteApp, version 2020.2 QA (ID 315896) must UPDATE (do NOT uninstall) their bundle to the Production version 2022.1 (ID 416781) by December 31, 2022. Note: If users fail to manually update the Electronic Bank Payments SuiteApp within the given time window, this version of the SuiteApp (ID: 315896) will be deprecated and the account will not be updated to Leading version (2022.1) of the Electronic Bank Payments SuiteApp. Please refer to the campaign email sent to impacted customers for more information.
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Fringe Benefit Issues
Does anyone have a "best practice" suggestion for efficiently using Fringe Benefits?
I think there is a issue with the way Payroll currently handles Fringe Benefits. The process involves creating an Earning:Addition item so that the employee is taxed on the Benefit amount and then creating a Deduction item so that the employee does not actually receive the benefit amount.
The problem is that the Earning:Addition payroll item for the Benefit does not occur automatically while the Deduction offset does. In a company with hundreds of employees, the workaround of manually entering the earning item on each paycheck is simply not feasible.