FBT Details

 

 

 

 

1. Setting Up FBT for an Asset

Fleet>>MMSB, Categories and Flags>>Flags

 

Essential for FBT Applicable Assets

 

FBT Applicable Flag

Tick if item is subject to FBT.

Only items flagged as FBT appear in the FBT module.

See also: FBT Set Up and FBT Module

Annual km Target

Not used.

Commitment Date

The start date for FBT liability calculations.

It can be the delivery date, lease start date or another date depending on organisation and ATO policy

Gross Up Factor

The gross up factor used in FBT calculations (i.e. whether subject to GST input credit ).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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