Finance tools (liability, leavers log, reports)

If you are using our Financial Rewards add-on, the Finance tab contains 3 sub-tabs that let you view your financial liability, track balances for employees who have left, and run reports for your finance team.

• Liability - Lists total of financial budgets for current budget period and total of all unspent employee reward balances (i.e. this is the amount that has been given out but not yet redeemed)
• Leavers Log - Searchable, exportable list of all employees who have been removed from the program, including any financial reward balance they left behind
• Reports - Tax related reports for your finance team
  • Tax Report by Redemption - This is our recommended to calculate any tax liability off the back of rewarding employees.  This shows all financial redemptions (client catalogue, payroll transfer, gift card, or pre-paid card) for a selected period, one row per employee
  • Tax Report by Issued - Use this report for calculating tax if the country you are running the program in has different tax values based on how and why the employee received the reward.  This shows all issued financial rewards by type (ad hoc, recognition, service award, company award, birthday) for a selected period, one row per reward
  • Issued vs Redeemed Report - Shows the total financial rewards, redemptions, and closing balances for a selected period, one row per department, per country