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

Question

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.

Acctd4 · Accepted 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: