FBT UPDATE IN EMPLYEE PAYSLIP AND STP REPORTING

prasanna
prasanna Member Posts: 44 Reckoner Reckoner
edited June 19 in Accounts Hosted

Hi , I have an amount of $10500 reportable RFBA to be reported to ATO for an employee

How do I CORRECTLY report this to ATO through STP?

I did it in following way, but doesn't looks correct

I have run an additional payroll dated 31-03-2024

Before that I created a payroll item call "Reportable Fringe Benefit Tax " and assigned to payroll clearing account

When I processed the pay , it created a liability in clearing account WHICH IS NOT CORRECT

We should not pay this amount , because it is only for reporting purpose . I am not sure ,whether I need to put a credit entry in the payroll with different pay item code to get rid from liability

Please tell me the steps

Thanks

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