Add or import benefits

Modified on Tue, 07 May 2024 at 12:04 PM

We provide you with a template which contains several column headings corresponding to the data you can import. At a minimum, the system needs to know what type (category) of benefit it is, what the value of that benefit is, and who received it. Please read our Overview of the data import process before you begin.

To import non-attributed benefits, you can use one of the following as the ‘Employee ID’:

For non-attributed benefits provided to major shareholder-employees, use ‘Shareholder Pool’ or ‘POOL1’.
For non-attributed benefits provided to employees, use ‘Employee Pool’ or ‘POOL2’.

In Microsoft Excel, prepare your source data to meet the requirements of the template.
Select and copy your data (including the column headings).
In Taxlab, In the entity’s FBT calculation, click the Workpapers tab > Benefits.
On the Benefits page, click the relevant Quarter tab.
Click the Import button.
Click in the box and paste your data.
Click the Import to [Q x] [tax year] button.
If the import is successful, a message displays in a green banner informing you of the number of records that were imported. Click the Close button.
Check your imported data to ensure it imported as expected.

Manually add a benefit

On the Benefits page, click the relevant Quarter tab.
Click the benefit category that you want to add the benefit to.
Click the New button.
In the Search box, start typing the name of the employee you are adding the benefit for, then click the employee in the list that displays.
Enter the benefit amount and any other details.
Click Save.

Roll over benefits from the previous quarter

Once you have benefits in the system, when you start a new quarter, if the benefits are the same as the previous quarter, you can roll them over from that quarter.

On the Benefits page, click the Quarter tab you want to roll the benefits into.
Select the check boxes of the benefit categories you want to roll the benefits into.
Click the Roll over button.