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Search Fringe Benefits Tax Support Help and Support.

This article applies to:

  • Product: ONESOURCE Fringe Benefits Tax
  • Subject: Setup

Options overview

There are several options available to configure in ONESOURCE Fringe Benefits Tax.
  • Car Parking Calculation Options - set various calculation defaults.
  • Employee Setup Options - set employee defaults such as cost centre and state.
  • LAFHA Calculation Option - elect an alternate calculation for paying LAFHA under the Net method.
  • Vehicle Options - configure how Vehicle Benefits are entered.
  • Operating Cost Transaction types - add or edit operating cost types used in the vehicle benefit workpaper under the
    Operating Cost Transactions
     tab.
  • Attachments - shows any attachments that were added to reports.

Roll forward of options

Most of the FBT options roll forward to the next FBT period. The following is a summary.
FBT Option
Option
Roll forward?
Car parking
Gross Up Rate
Yes
Valuation Method
Yes
Calculation Method
Yes
Employee
Default Reporting Entity
Yes
Default Cost Centre
Yes
Default State
Yes
LAFHA
The Food component incorporates
No
 Resets to "Both..."
Vehicle
Default Calculation method
Yes
Default Purchase Type
Yes
Default Allocation method
Yes
Shared vehicle with single driver RFBA excluded
No
 Resets to "Yes"
Vehicle operating costs
Code and Description
Yes
User Options
Number of rows
No
 Resets to "100"