STP2 Recording PBI Fringe Benefits

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Avis Louth
Avis Louth Member Posts: 16 ✭✭
in Accounts Hosted

How are Reportable Fringe Benefits (Tax Exempt) recorded in Reckon Hosted under STP2.

I need to have super recorded on total salary.

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  • Acctd4
    Acctd4 Accredited Partner Posts: 3,437 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
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    Hi @Avis Louth

    It is a Company Contribution mapped to Reportable Fringe Benefits (Tax Exempt):

    image.png


    You need to obtain the specific amount from the tax agent.

    (I've also replied on the Reckon FB page 😊)

    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

    shaz@accounted4.com.au

    https://accounted4.com.au

    (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!)

Answers

  • Avis Louth
    Avis Louth Member Posts: 16 ✭✭
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    Thank you.

    How do you report the super on the full salary amount?

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,437 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
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    Just ensure the Super Payroll Item has it ticked:

    image.png


    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

    shaz@accounted4.com.au

    https://accounted4.com.au

    (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!)
  • Avis Louth
    Avis Louth Member Posts: 16 ✭✭
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    Thanks, that has put the data in all the correct places.

    Appreciate you taking the time to help me out.

    Avis 😃

  • Avis Louth
    Avis Louth Member Posts: 16 ✭✭
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    Portal Report - Looking at last year under STP1 after Grossing up

    image.png

    Compared to STP2 - does this look correct?

    image.png


  • Acctd4
    Acctd4 Accredited Partner Posts: 3,437 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
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    Yes, but it's not "Fringe Benefits Tax" - which is paid by the employer on this/any other applicable payments, if not exempt - it's "Reportable Fringe Benefits" 😬

    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

    shaz@accounted4.com.au

    https://accounted4.com.au

    (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!)

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