You’re in complete control of when and how employees receive reimbursements.
Does PeopleKeep hold the money?
No, the money stays with your company until you are ready to reimburse employees.
How does the money get from the company to my employees?
Most companies distribute reimbursements through payroll or by individual check. PeopleKeep reimbursements are free of payroll taxes and income tax withholdings. If you’re using a payroll system, you should set up a nontaxable (or tax-free) line item.
PeopleKeep automatically calculates reimbursements due and keeps a record of reimbursements you approve.
Unused allowance amounts accrue each month throughout the benefit year. Eligible employees can use their allowance at any point during the calendar year for expenses incurred during the year. After the benefit ends (usually at the end of the calendar year), eligible employees have 90 days to submit expenses for that benefit period. After that, they lose any unused balance.
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