When is a Standard Time Record Created by a Flex Plan?

A time record is created for unused flex credits taken as taxable income. When an employee is enrolled into a flex plan that allows unused flex credits to be taken as taxable income, the time record is created and is considered a flex standard time record. The flex standard time record is included with the employee's other time records in payroll processing.

If the flex plan lets employees keep a percentage of their unspent flex credits, when the benefit application creates flex credits, the application will also create a standard time record for each employee. You should enroll employees in their benefits before the first payroll run of the flex plan year to offset the standard time record.

See the Infor Payroll User Guide for information on processing standard time records.