Defining a Benefit Balance

You use the Benefit Balances window to enter and maintain benefit balances that you can link to persons or to formulas.

arrow icon   To define a benefit balance:

  1. Enter a Name used to identify the benefit balance.

  2. Enter a Description of your benefit balance.

  3. Select a Usage code.

    Your system administrator or benefits administrator defines the benefit balance usage codes as part of the system implementation.

  4. Select the unit of measure in which this balance is expressed in the UOM field.

  5. Select a Non-Monetary UOM for benefits not expressed in currency, such as stock options or shares.

  6. Save your work.

    You can now associate this benefit balance with a person benefit balance or a formula.