How to enter the Fringe benefit amount (FBA) in Reckon Payroll ?

Legacy KB ID: 5445

How do I enter the Fringe Benefit amount onto an employee’s record?

Answer

To record a Fringe Benefit amount in Reckon Payroll, you need to add a Year to Date (YTD) value to the employee’s record under Fringe benefits.

Overview

In Reckon Payroll, a fringe benefit is a non-cash benefit provided to an employee (or their associate) in addition to their salary or wages. These benefits are subject to Fringe Benefits Tax (FBT), rather than normal PAYG income tax.

The grossed-up amount (also known as the Reportable Fringe Benefits Amount – RFBA) represents the taxable value of the fringe benefit adjusted for tax. This amount is typically calculated by your accountant.

Steps to Enter Fringe Benefits in Reckon One

1. Go to Payroll
2. Select Employees
3. Click on the relevant employee
4. Click Edit Details (top right corner)
5. Navigate to Section 4: Initial YTDs
6. Locate Fringe Benefits and click Add
7. Enter the following details:
8. • Amount: Enter the grossed-up fringe benefit amount
   • Reporting Category: Select the appropriate STP reporting category
   • Date: Enter the applicable date

✅ Important: The date should reflect the period up to which the fringe benefits were accrued, within the FBT year (1 April to 31 March).

1. Click Save and Continue to update the employee record
2. Complete the employee setup as required

Viewing Entered Fringe Benefit Amounts

To verify the entered fringe benefit amount:

1. Go to Reports
2. Select Payroll Reports
3. Open STP YTD Reporting

You will be able to view the reported RFB amount for the selected employee and financial year.

Need more help?

Ask the Reckon Community at: https://community.reckon.com/categories/reckonone

Or

Log a Support Ticket: https://www.reckon.com/au/support/