Setup (Novated Car Lease) in Reckon Payroll

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

Hi All,

I'm currently working on setting up novated lease deductions in Reckon Payroll. I’d really appreciate it if someone could share that guide with me, as it would be helpful in ensuring everything is set up correctly for STP reporting and payroll processing. Also, Could you mention the steps for FBT deduction from employees pay.

Thanks in advance for your support, and please let me know if there’s anything else I should be aware of when implementing this.

Answers

  • klaura
    klaura Reckon Staff Posts: 438 Reckon Staff Reckon Staff
    edited August 25

    Hi @Sehrawat,

    FBT is entered as an Initial YTD in Reckon. You can simply navigate to the Employee's Initial YTD section, as shown in the image below. With the guidance of your accountant or bookkeeper, enter the details under the STP reporting category.

    image.png

    Best regards,

    Karren

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