To record and process a company car for an employee, you will need to create a benefit record and assign a car to it. To do this, follow the steps below.
Create a Benefit Type G record.
Enter the required information using the table below.
Year | This will default to the current year, but can be changed. |
Description | Enter a description to identify the benefit. |
Case equivalent | Enter the value of all vans made available for private use. |
Cash equivalent of fuel | Enter the value of fuel for all vans made available for private use. |
Click Save and Close.