How do I enter an FBT payment to the ATO that isn't for a specific employee?

Vickie Wesolowski
Vickie Wesolowski Member Posts: 31

This year, for the first time, we had to pay the ATO FBT relating to a company function. How do I enter the payment into Reckon Hosted?

I know how to enter payments for individuals but this doesn't fall under that category.

Best Answer

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,169 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited June 26 Answer ✓

    Hi @Vickie Wesolowski

    This is entered on a normal Write Cheque, selecting your FBT account. This is a liability however it's a claimable one for the company, so some people prefer to create the FBT Paid account as an Expense-type account rather than journaling it to expenses at EOFY:

    NOTE: If you have to start paying FBT Instalments as part of your BAS, you would just add this additional line to the Liability Cheque on the Expenses tab:

    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 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    [email protected]

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)


  • Vickie Wesolowski
    Vickie Wesolowski Member Posts: 31

    Thanks for the super quick response Shaz - I really appreciate it (especially given how close we are to EOFY).

    Cheers Vickie