FBT workpapers help you prepare and review Fringe Benefits Tax (FBT) obligations using a structured leadsheet and worksheet-based workflow. Below are the key details you need to know when working with this workpaper type.
Workpaper Settings
To set up an FBT workpaper:
Select FBT as the Workpaper Type.
No trial balance is required for FBT workpapers.
Follow the remaining steps in Creating a workpaper to complete the setup.
These settings ensure the correct FBT leadsheet and schedules appear for the job.
Completing Worksheets
FBT workpapers use a leadsheet to display the relevant worksheets for the FBT year. Additional worksheets may also appear in Other Schedules.
Your aim is to bring each worksheet to a Reviewed stage, or Exclude it if it’s not required.
FBT workpapers include:
Creation worksheets – used to calculate taxable values for each benefit type
Generic worksheets – supporting worksheets for additional workings
These are the only worksheet types used in FBT workpapers. You can sort, search, filter, assign, and manage your worksheets as needed through the leadsheet and schedule tools.
Specific Resources
You can find additional support and guidance for FBT workpapers here: