How to set up Novated Lease with Pre & Post tax components through salary package company

Diann

A new employee has a novated lease with pre & post tax components, which is paid through a salary package company. They issue us with a tax invoice. We deduct this amount from her pay. When I have set it up I obviously have not done it entirely correctly as the pre-tax portion does not show anywhere when the STP is exported. I am not sure how to set the (I presume it has something to do with FBT) account side of things. Can someone help with detailed instructions so I can fix it correctly. I have looked at the only notes that I can find, and am still not clear. Thanks

Rav

Hi there Diann,

I can't say I have any expertise in this particular area however I'll defer to our help guide on this which I'll link below. Does it help in your particular case at all?

https://help.reckon.com/article/x1fxb0da1z-kba-3758-setting-up-a-non-super-salary-sacrifice-item-novated-lease-salary-packaging

Diann

Hi Rav,

Thanks for that. I did follow this, however the fbt portion I found a bit confusing. I have a catch up with a Reckon bookkeeper later today, so I am hopeful that she will sort out what I have not done correctly. Thanks again for your help