STP2 Recording PBI Fringe Benefits

Avis Louth
Avis Louth Member Posts: 13 Reckoner Reckoner

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

I need to have super recorded on total salary.

Best Answer

  • Acctd4
    Acctd4 Accredited Partner Posts: 4,209 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    Answer ✓

    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 😊)

Answers

  • Avis Louth
    Avis Louth Member Posts: 13 Reckoner Reckoner

    Thank you.

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

  • Acctd4
    Acctd4 Accredited Partner Posts: 4,209 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    Just ensure the Super Payroll Item has it ticked:

    image.png


  • Avis Louth
    Avis Louth Member Posts: 13 Reckoner Reckoner

    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: 13 Reckoner Reckoner

    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: 4,209 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    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" 😬