1. Setting Up FBT for an Asset
Fleet>>MMSB, Categories and Flags>>Flags
Essential for FBT Applicable Assets
FBT Applicable Flag
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Tick if item is subject to FBT.
Only items flagged as FBT appear in the FBT module.
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See also: FBT Set Up and FBT Module
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Annual km Target
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Not used.
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Commitment Date
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The start date for FBT liability calculations.
It can be the delivery date, lease start date or another date depending on organisation and ATO policy
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Gross Up Factor
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The gross up factor used in FBT calculations (i.e. whether subject to GST input credit ).
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End of Chapter
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