Reporting Section 57A RFBA

[PGads]

This is a post from 2019 and still applies today when reporting Section 57A RFBA https://community.myob.com/t5/Single-Touch-Payroll-STP-Q-A/STP-and-Exempt-RFBT/td-p/584662 It's not good enough MYOB. Having to separately finalise each employee that has RFBT is time wasting particularly when you have a large number of employees that have to be included.

[sandra123]

I agree - every year this catches us - all staff with different RFB sal sac amounts and entering these manually is ridiculous - MYOB pls sort this before next year.

[Tracey_H]

Hi @PGads 

Thanks for your post. The Reportable Fringe Benefit Amounts are only updated when the employee information is sent and accepted by the ATO. So, ticking the employees and selecting Set as Final will send that information to the ATO. Once the information has been accepted by the ATO, the most up-to-date values will be displayed.

Please let me know if you need further help.

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

[PGads]

Thanks for responding Tracey.

Why is it that it's only once the report has been accepted by the ATO that the balances update?  I tried finalising all the employees once I had entered the RFBA amounts and sent the report and the RFBA amounts promptly zeroed. When you have a legal obligation to report accurately to the ATO you want to be able to check what you are reporting before it is sent. Having to wait until the report shows as accepted by the ATO to be able to check that everything is correct strikes me as extremely strange and arse about. As far as I'm concerned when I choose to finalise the report I am making the undertaking that what I am reporting is accurate as I acknowledge when I sign the report. If the RFBA amounts are showing as zero, that's incorrect.

Also, when I finalised each employee separately that I had to report RFBA for, as recommended in the post I linked, it worked as I expected, that is, the RFBA amount didn't zero!