FBT UPDATE IN EMPLYEE PAYSLIP AND STP REPORTING
prasanna
Member Posts: 44 Reckoner
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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