Add a Debt Waiver Fringe Benefit

!If you decide the Employee is not obliged to repay the overpaid amount, they will have provided a debt waiver fringe benefit

1. Click Employees > Edit Employees or Click Employees from the Side Bar.
2. Select the employee to edit (click once to highlight).
3. Click Edit.
4. Click Taxation > FBT Info.
5. Click New.
6. Enter the Date overpayment was processed.
7. In Type. select 13 – Debt waiver
8. In Factor, select 1.8868: Benefit provider is not entitled to claim GST credits
9. Enter the Taxable Amount.
10. Click Save.
11. Click Exit again to close the Employee Window.