Record Insurance Premium.

Step by step guide on how to Record Insurance Premium.

  • Go to "Benefits" on Main Menu
  • Click Life Insurance.
  • Click on New Premium
  • Select the employee, the Start and End date, and the amount
  • Click Save

Once you have recorded the premiums, proceed to the allowance page and record a new allowance called Insurance Relief Benefit( 15% of insurance premium payments as tax relief).