Flexible compensation is a compensation model in which part of your salary is used to purchase products or services, such as health insurance, transportation vouchers, or restaurant tickets. This part of your salary is not subject to income tax withholding, allowing you to pay less tax.
Available only for the Spanish market.
To know more about benefits, click here.
How the billing cycles work?
The Cycles in Factorial Benefits is from the 20th to the 19th of the following month. This is to let accounts enough time to close the payroll.
You can integrate it with a3innuva. Please ask us for more information.
How do I extract the Payroll results information to prepare the payslips?
The consolidated information by employee and by concept of the consumption of Benefits in flexible compensation can be downloaded directly from the Compensation section.
- In your sidebar, go to Workspace
- Go to the Compensation tab
- Choose a cycle
- Click on Import
- Choose either Compensation or Payroll results
- Download the template, fill it in and upload it
List of transactions per employees
In the Accounting section you will find the complete list of transactions.
- Selecting Benefits in the Card Service filter
- You can filter by dates and criteria you need
- Download the detail in CSV or Excel format with a single click
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How does a Payslip with Flexible remuneration looks like in Spain?
Here you have an example of payslip for Spain:
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