Novated lease

Christine Walker
Christine Walker Member Posts: 1 ✭
edited September 2019 in Accounts Hosted
I've set up a novated lease as per the Knowledgebase article using the total weekly deduction amount supplied by the packaging company and amounts look OK on payslip. However the advice I have from the packaging company splits the deduction between pre & post.  Do I need to put these in separately instead of just using the total?

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  • Acctd4
    Acctd4 Accredited Partner Posts: 3,401 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited September 2019
    Hi Christine

    Does the packaging company give a reason for this?  The employee is unable to claim a deduction in their tax return on a novated lease so just wondering what the packaging company's thoughts are behind this? 

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

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    shaz@accounted4.com.au

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