Fuel Allowance

Highlighted
Experienced User
14 Posts
Experienced User
Experienced User

14Posts

2Kudos

0Solutions

Solved: Go to Solution

Fuel Allowance

The boss wants to give some employees who use their own car to carry tools etc an allowance of around $50 per week as a contribution to their fuel cost.

 

I don't think he can legitimately refund a fuel receipt and claim it as his own fuel expense so I want to confirm how this should be handled. My assumption is that we set up a Fuel Allowance Payroll Category and set the Tax Category to Allowance - Travel. The we simply add the $50 per week to this category for the selected employees. Is that about right?

1 REPLY 1
MYOB Moderator
3,058 Posts
MYOB Moderator
MYOB Moderator

3,058Posts

223Kudos

285Solutions

Accepted Solution Solved

Re: Fuel Allowance

Hi @TheRob,

 

Thank you for your post. Our help article Allowances has instructions on how to set this up within AccountRight, if you're not sure about the tax calculation this would be best to check with your Accountant or financial advisor. 

 

Please do let me know if you have any further questions. 

 

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

Cheers,
Melisa

MYOB Community Support

Online Help| Forum Search| my.MYOB| Download Page

Did my answer help?

Mark it as a SolutionHelpful? Leave a to tell others

Didn't find your answer here?

Try using advanced search to find a post more easily Advanced Search
or
Get the conversation started and make a new post Start a Post