Detailed Financial Planning › Benefit Plans › Add Line Item Detail to Benefit Plans

Add Line Item Detail to Benefit Plans

Use this procedure to add line item details to a new benefit plan. The details you add appear under the Detail field on the benefit plans details list page. You can only define details for the time periods applicable to the benefit plan.

Follow these steps:

1. With the benefit plan open, click Add.
2. Enter the benefit plan details in the Detail field.

   Add as many benefit details as needed.

3. Save the changes.

   The benefit plan details appear listing the details you entered.

4. For each benefit detail, complete and review the following fields in the Benefit Details section. Enter details by clicking in the fields:

   Benefit

   Defines the planned benefit amount for the time period.

   Actual Benefit

   Defines the actual benefit amount for the time period.

   Variance

   Displays the difference between the actual and the planned benefit for the time period.

5. Save the changes.
6. Review the following fields for each benefit detail line item:

   % Benefit

   Displays the percentage of the benefit detail line item as it contributes to the total benefit plan.

   Total Benefit

   Displays the total benefit for the benefit detail line item.

   Actual Benefit

   Defines the actual benefit amount for the time period.

   Variance

   Displays the difference between the actual and the planned benefit for the time period.

More information:

Create Benefit Plans

Edit Benefit Plans

Processes for Financial Management