Organisations

Set up reporting entities

ONESOURCE Fringe Benefit Tax lets you create multiple reporting entities and reporting groups for each organisation. After you create a new organisation you must create a new reporting entity.
An FBT return is generated for a reporting entity or reporting group, not for an organisation. This means an organisation must have at least one reporting entity to produce an FBT return. Organisations may contain one or more reporting entities that can produce one or more FBT returns. This is controlled by your licence. All benefits must be associated to a reporting entity (the FBT payer) and cannot be split across reporting entities.
If the reporting entity is eligible for an FBT exemption or rebate, or you are an income tax-exempt body, you can set your concessional treatment when the reporting entity is created, or edit the entity's details later.
Certain government bodies may consolidate different entity types on the ATO return. If your reporting group has member entities with different exemption statuses, each entity can be set individually.
note
You can't have a combination of different exempt or rebatable entities in the same reporting group.

Add a reporting entity

  1. Select
    Administration
    , then
    Reporting Entities
     in the navigation bar.
  2. Select
    Add
     on the toolbar to create a reporting entity, or
    Edit
     to edit the details of an existing reporting entity. The
    Editing Reporting Entity
     screen opens. You'll assign any concession or employer type elections on this page.
  3. Complete the fields in the
    Reporting Entity Details
     section.
    • Enter the name of the reporting entity in the
      Name
       field (73 characters maximum.) This should be the name of the legal entity submitting the FBT Return to the ATO, but can be a business unit/division name.
    • In the
      Code
       field, enter a code for the reporting entity. This must be an alpha-numeric value up to 20 characters and cannot contain any special characters, such as @#. It is suggested that you use a meaningful internal identifier for the reporting entity code to make it easier to remember.
      note
      If you're uploading data from spreadsheets, a reporting entity code is required to ensure data is uploaded to the correct reporting entity.
    • Use the
      Status
       field and select an option to select the status.
    • If this reporting entity is to be a reporting group for the purposes of consolidating data from multiple reporting entities, select
      Yes
       in the
      Is this a Group?
       field.
  4. Use the plus sign to expand the remaining collapsible sections and complete the information for the reporting entity as applicable.
    • To define the applicable capping threshold or rebate status for a rebatable employer, complete the fields in the
      Concessional FBT Treatment
       section.
    • To define the entertainment benefits calculation method, use the dropdowns in the
      Calculation Method
       section. All entertainment benefits on an ATO FBT return must be calculated using the same method. This setting can be changed at any time and will automatically recalculate all entertainment benefits to the setting in the reporting group.
  5. Select the
    Save
     button to save your changes.

Rename or edit a reporting entity

  1. Select
    Administration
    , then
    Reporting Entities
    .
  2. Select the entity to change.
  3. On the toolbar, select
    Edit
    .
  4. Use the plus sign to expand the sections and change the values in the fields as necessary.
  5. Select the
    Save
     button to save your changes.

This article applies to:

  • Product: ONESOURCE Fringe Benefits Tax
  • Subject: Setup