How to Add a Set of FBT Details

To add a set of FBT details to a Payee record, follow the procedure below.

How to Add a Set of FBT Details to a Payee Record
	If you do not already have the relevant payee record open in the Payee Entry screen, search for and open the relevant payee record in edit mode.
2.	Click the FBT tab under the header of the Payee Entry screen. The FBT* tab is activated.*
3.	Click Add. The FBT Details dialog box opens.
4.	In the FBT Year Dates From field select the date on which the relevant FBT year begins. The FBT year starts on 1 April of each year. Therefore, regardless of the date you select the start date will default to 1 April of the corresponding year. For example, if the date you select is 30/12/2020, the date will default to 01/04/2020. The date you have selected is displayed in the FBT Year Dates From field and the FBT Year Dates To field automatically displays 31 March of the following calendar year. For example, if the start date is 01/04/2020, the end date defaults to 31/03/2021.
5.	In the Reportable Taxable Amount field, key in the grossed-up, year-to-date total value of reportable, taxable fringe benefits provided to the payee in the corresponding FBT year. The reportable taxable amount must be more than $2000.00.
6.	In the Reportable Exempt Amount field, key in the grossed-up, year-to-date value of reportable, exempt fringe benefits provided to the payee in the corresponding FBT year if applicable. The reportable exempt amount must be more than $2000.00. Alternatively, skip this step if the payee did not receive any exempt fringe benefits.
7.	Click Save. The FBT Details dialog box closes and the new FBT details are added to the list on the FBT* tab on the Payee Entry screen.*
8.	Click Save at the top of the Payee Entry screen. The changes you have made are saved.