PAYROLL PREMIER SALARY SACRIFICE

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  • Updated 1 year ago
Hello, we have an employee that has a novated lease setup as salary sacrifice.  How or does this need to show on his payment summary?  
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Donna Schroder

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Posted 1 year ago

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John G, Information Support Analyst

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Hello Donna,

Welcome to the Reckon Community.

You should speak to your Accountant about this.  Generally, novated leases are treated as a Fringe Benefit and will require you to enter a "grossed up value of the benefit" in the Fringe Benefits field and your Accountant will need to give you the relevant numbers.  

The number is entered on the FBT tab on the Employee's Record.


regards,
John
(Edited)