FBT processing requirements

Following is a list of general ledger accounts codes that are relevant to the provision of fringe benefits, and a summary of when each code should be used.

Account Code Description Use Special notes
5581 FBT-Others For any other FBTable expenditure

Any amounts posted to this account will incur FBT. The FBT expense is automatically posted overnight (to 5590). Include employee's ANU ID in transaction line description as well as a short note about the type of benefit provided.

5582 FBT-Entertainment For expenditure on FBTable entertainment (usually food and drink) benefits. Any amounts posted to this account will incur FBT. The FBT expense is automatically posted overnight (to 5590)
5583 FBT-Accommodation For expenditure on FBTable domestic housing benefits. Any amounts posted to this account will incur FBT. The FBT expense is automatically posted overnight (to 5590). Include employee's ANU ID in transaction line description as well as a short note about the benefit.
5590 Fringe Benefits Tax Expense Business areas should not use this account. F&BS use only.  
5602 Light meals non-FBT deductible Expenditure in relation to food and drink for light meals on ANU premises and eligible seminar food and drink.  
5603 Entertainment Non-FBT Expenditure on more elaborate meals, social events, alcohol etc for clients GST must not be claimed on expenses posted to this code.
9295 EmplConFBT Used to record income received by the ANU from an employee as a contribution toward expenditure attracting fringe benefits tax (other than for cars and travel). Include employee's ANU ID in transaction line description as well as a short note about what benefit the contribution relates to.
9295C Employee contribution CARS FBT Used to record income received by the ANU from an employee as a contribution toward running costs of an ANU owned motor vehicle. Include employee's ANU ID in transaction line description as well as a the rego number of the car the contribution relates to.
9295T ECFBT Employee cont Travel FBT Used to record income received by ANU from an employee as a contribution toward private travel on business trips paid for by ANU. Include employee's ANU ID in transaction line description as well as a short note about what trip the contribution relates to.