Skip to main content

Notifications

Announcements

No record found.

Community site session details

Community site session details

Session Id :
Microsoft Dynamics GP (Archived)

Benefits Pay code?

(0) ShareShare
ReportReport
Posted on by 70

I need to set up a new pay code to include fringe benefits (i.e. gift cards, etc.) as taxable income to employees. The value of the fringe needs to be added to an employee’s pay for taxation then subtracted (since they already received the gift card, etc.) similar to reported tips with the exception that they should not be included in the calculation of wages for 401K contributions and match. However, the amount should be included in gross income on the W-2. Also, this code will need to be added to the check stub pay line items.

How would I go about getting this set up in Great Plains?

Thanks so much!

 

*This post is locked for comments

  • Re: Benefits Pay code?

    If you use a benefit code and set it up to be taxable, you don't need to add and then subtract it.  It is all handled in one step.  But it must be processed with an actual payroll in order to have the taxes withheld.  This amount will not show up on the pay stub with the pay codes, it will show up under the benefits.

Under review

Thank you for your reply! To ensure a great experience for everyone, your content is awaiting approval by our Community Managers. Please check back later.

Helpful resources

Quick Links

Daivat Vartak – Community Spotlight

We are honored to recognize Daivat Vartak as our March 2025 Community…

Announcing Our 2025 Season 1 Super Users!

A new season of Super Users has arrived, and we are so grateful for the daily…

Kudos to the February Top 10 Community Stars!

Thanks for all your good work in the Community!

Leaderboard

#1
André Arnaud de Calavon Profile Picture

André Arnaud de Cal... 292,575 Super User 2025 Season 1

#2
Martin Dráb Profile Picture

Martin Dráb 231,493 Most Valuable Professional

#3
nmaenpaa Profile Picture

nmaenpaa 101,156

Leaderboard

Featured topics

Product updates

Dynamics 365 release plans