STP and FBT gross up amounts

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  • Updated 2 months ago
I work for a not for profit and we access salary packaging and meal entertainment benefits. In the past we have manually adjusted the FBT amount to reflect the gross up amount for each employee. Does anyone know how to do this with STP or if I need to do this? Or does the ATO gross it up from our STP report? Please help. Thank you
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Alanna

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Posted 2 months ago

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Alanna

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Anyone able to help with this please. I can't find any information anywhere. Thanks
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Lisa Mason Bretnall

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I'm having a similar the same problem..  

value = "Employee FBT", item type = String, uniqueID = http://www.sbr.gov.au/ato/payevntemp:TypeC) Hint: The Enumeration constraint

failed
Can any one help urgently please???

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Kylie McGrory

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I am having the same issue. Any answers?

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Rita Agenbag

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Alanna & Kylie,
I start a job last year (NFP) where they use Reckon, so fairly new with the system.  I noted that our system does not even pick up the net for the FBT so think there is something missing in our setup and want to fix this before next year end.
Would appreciate any pointers you can give me of your setup?

I have the problem now of no FBT showing, the YTD totals can work but don't know if I can delete the adjustment after.  I may have to try Leshelle's suggestion below for this year.

Rita
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Leshelle

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Hi Rita
If setup is correct, Reckon Payment Summaries should show the adjusted gross amount in the Gross Wages (so reduced by the amount of the Salary package deductions), and the Reportable FBT amount (grossed up values), if youve manually entered that prior to a 31st March 2019 pay cheque.
Hope this helps
Leshelle
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Alanna

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Think Leshelle knows more than me. We are using Reckon Hosted and I have never been able to get grossed up amounts into the payment summaries without doing a manual YTD entry. It will put in the non-grossed up amount if you change the setup to show up on your payment summary if you go to Tax Tracking in setup and select FBT. I have to manually adjust it to get Gross payments in so Leshelle might be able to shed some light on how to get it to calculate the gross amounts. 
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Leshelle

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Hi there
I'll leave a link here to a thread from Reckon Knowledge Browser. This is where I found the method to enter FBT grossed up values for employees who are salary packaging in a NFP entity. Scroll down to John's solution where two additional payroll items are set up . A deduction and an addition which cancel each other out, and so can be used to go back in to an existing paycheck (must be one prior to 31 march). I use this method rather than YTD adjustments. And it works fine, getting the grossed up amt onto the payment Summary and income statement via STP. In John's post he explains how to set up the new items.. hope this helps.

Edit: by the way, this workaround is for Reckon Accounts Desktop

https://community.reckon.com/reckon/t...
(Edited)
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Alanna

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Thanks Leshelle, so helpful, I'll check it out to see if will work with Hosted. I seriously don't know how I'd manage without this community :)
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Leshelle

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Hi Alanna
I use reckon desktop and they have a workaround for getting the FBT reportable amount in there. You need to open a paycheque from prior to 31st March in the relevant FBT year, and enter the amount in there. Then in a subsequent pay event, STP will pick up the figure from YTD amounts. If youve got no more STP pay events to lodge for those employees, then I dont know how STP picks it up, unless you run an Update event.
Ive got a question in this group, currently waiting on the answer to the same issue.
Leshelle