Payroll Reports let you track how employees are reimbursed and taxed.
Forma uses 3 standard pay codes to indicate the type of transaction and what action needs to be taken:
- REIMB: Employee is reimbursed and taxed on the transaction (earning). Used for claims submitted for taxable spending.
- STIPE: Employee is not reimbursed but is taxed on the transaction (earning). Used for taxable spending from the Forma Store and Forma Card. Also used for direct deposit.
- TFREE: Employee is reimbursed but not taxed on the transaction (deduction). Used for claims submitted for non-taxable spending
For customized pay codes, please speak with your Implementation Manager or Customer Success Manager.