How to add RFBA via STP on Reckon payroll web/app

yxk
yxk Member Posts: 2 Novice Member Novice Member
in Reckon Payroll

Hi,

It is end of fringe benefit tax year.

My accountant has provided me the grossed up amount of reportable fringe benefit amount which I need to enter for the employee with the last March pay cycle. But I can't seem to find where I would enter this amount?


Any advice appreciated. Thanks

Answers

  • Rav
    Rav Administrator, Reckon Staff Posts: 14,205 Reckon Community Manager Community Manager

    Hi @yxk

    You can add a YTD fringe benefit balance to an employee via their profile.

    Edit the employee profile and select the Initial YTD section. You can then add the balance.

    image.png


  • Tanvi_kataria
    Tanvi_kataria Reckon Staff Posts: 565 Reckon Staff Reckon Staff

    Morning @yxk

    Regarding your query for RFBA, to add an amount in employee pay run. Please create an item (Company Contribution) where you can select the Tax Tracking/Expense Account for Fringe Benefits. Once you have the item created, you can process employee pay run with RFBA Item included and submit to ATO.


    Please find the attached article - Managing Company Contributions - Reckon Help and Support Centre

    and screenshot for your reference -

    image.png


    Please let us know, if you have any concerns/issues. Thank you!


    Regards

    Tanvi

    Tanvi.png
  • yxk
    yxk Member Posts: 2 Novice Member Novice Member
    https://community.reckon.com/discussion/comment/20644529#Comment_20644529

    @Rav, same thing again this year. It is Reportable Fringe Benefit Amount for an electric vehicle (so exempt from FBT), but there are only the options of RFBA (non exempt) or RFBA (exceeding exempt) on the payroll app. How do I go about entering it?

  • klaura
    klaura Reckon Staff Posts: 493 Reckon Staff Reckon Staff

    Hi @yxk,

    I recommend consulting your accountant to discuss these options. Additionally, you may find further information through the following resource.

    Reportable fringe benefits for employees | Australian Taxation Office

    Best regards,

    Karren

    Kind regards,

    Karren.png

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