What is benefit in kind in SAP BNS-CON - Concur?

SAP Term: benefit in kind

• Component: BNS-CON

• Component Name: Concur

• Description: A non-monetary benefit received by the traveler, such as a meal provided by the employer, which may be subject to tax and has to be reported for tax purposes.

Smart SAP Assistant

• Key Concepts: 
  Benefit in kind (BIK) is a term used in SAP Concur Expense to refer to a non-cash benefit that an employee receives from their employer. This could include items such as company cars, meals, or other services. The value of these benefits is then added to the employee’s taxable income. 
  
  How to use it: 
  In SAP Concur Expense, BIKs are recorded as expenses and are subject to the same rules and regulations as other expenses. When an employee submits an expense report, they must include any BIKs they have received. The value of the BIK will then be added to their taxable income. 
  
  Tips & Tricks: 
  When submitting an expense report with BIKs, it is important to accurately record the value of the benefit. This will ensure that the employee’s taxable income is correctly calculated. 
  
  Related Information: 
  For more information on BIKs and how they are treated in SAP Concur Expense, please refer to the official SAP documentation.