Reports

Overpaid Contributions report

When an employee makes an after-tax contribution to the employer, the taxable value is reduced. However, if the contribution is greater than the taxable value, the excess amount does not reduce the taxable value below 0.
The Overpaid Contribution Report provides a summary of employee contributions and the amounts applied in excess of the taxable value. Amounts in excess can be refunded to the employee, or dealt with as agreed between the employer and employee. For example, overpaid contributions can be set aside for a later FBT year.
To open the Employee Excess Contributions report
note
If you are reporting across sites, your entities must be grouped before producing reports.
  1. Select
    Reports
    , then
    Employee reports
     .
  2. On the list of reports, select
    Overpaid Contributions
     .
  3. Select
    Run selected report
     on the toolbar.
  4. Use the pop-up window to select the report type. You can export to Excel or PDF. The report is organised by organisation/reporting entity and sorted by employee ID.
  5. Select the
    Start export
     button.

This article applies to:

  • PRODUCT: ONESOURCE Fringe Benefits Tax
  • Subject: Reports