Summary
Every company has different types of benefits available for employees in the form of claims or reimbursements.
If this is set properly:
It will help you manage the claims for all employees effortlessly as the claims will automatically be included in their payslips of the month
While applying for a claim, employees will be able to see the limit that they are capped to as well as the remaining balance for that particular claim
As the Payroll Administrator, you also have the flexibility to include additional claims beyond the limit of claims directly into the employee's payslip during the payroll generation.
How to create a new Claim Type
From the side panel, go to Claims > Claim Types
Click New Claim Type on the top right
Enter the Description of the claim type (Claim type name)
You can choose to add a Claim Limit. There are several additional functions to this:
Select the limit parameters. You can set limits on each claim amount, or limits for each day/week/month/calendar/financial year
Set the monetary quantity of the limit
Apply the limit to All Employees, or Specific positions
Allow for co-payment. This means that the employee has to contribute to paying a portion of the claim. It can be based on a percentage or fixed amount
(Note: You are able to add multiple claim limit parameters for a single claim type (e.g. a single claim type can have both per-claim limit and an annual limit)
Choose whether you want a remark field for employees to include remarks. You can also make them mandatory
Choose whether to add categories to the claim type. These will show up for your employees in a drop-down when they apply for that claim
The system will prompt for further information:
Setting this claim type to Default means that all new employees onboarded would be entitled to this claim type. If not, you would have to manually add this entitlement to the respective employee. For more information on mass assigning a claim type, refer to this article.
Choose whether employees can set claims past limits. This means that they can indicate a claim with a value greater than the limit, but they will only be reimbursed up to the limit (e.g. A food claim of $8.00 can be indicated, but the employee will be reimbursed up to the limit of $5.00)
If claims can be set past limits, you may choose to allow higher reimbursement. This means that full reimbursement is still possible if it is approved. The above "Allow Past Limits" must be selected as a prerequisite.
Prorating is a function that only applies to claim limits in the calendar and financial year. It restricts the limits based on how many months there are left in the year when an employee was hired.
Choose whether it is compulsory for employees to upload a receipt to validate their claim
The Archive function will prevent all employees from applying for this claim but still maintain the claim records (e.g. change in company claim policy)
Benefits in Kind makes the claim reimbursement subjected to Singapore's Statutory Deductions for CPF and IRAS
Allow Multiple Attachments, allows staff and admin to attach up to 5 files (pdf, png,jpg, etc) as receipts instead of the usual 1
Exclude Probationer, will make it such that Employees under probation will not be able to apply for this claim type.
You will also be able to set up the Payout Type of the claim:
Always Payout: All claims that have been submitted and approved will need to be included in a payslip to be reflected as Paid.
Always No Payout: All claims that have been submitted and approved will not be included in a payslip but admin of the account will be able to key in the Reimbursement Date. This function is usually used for claims that are paid externally.
Allow No Payout: A combination of both of the above options.
Choose whether to allow foreign currencies in the claims. For more information on foreign currencies, click here
New claim types are not entitled to any employees, do use the mass assign feature to assign to the respective employees for them to be able to claim under this new claim type. For more information on mass assign, click here
Almost there! You can find the last step here!