Overview of motor vehicles

Modified on Tue, 07 May 2024 at 01:46 PM

Introduction

There are two ways to add an entity’s motor vehicles into the system:  

  1. If there are only a couple of vehicles, you can manually add them to the system one by one in the first quarter. In subsequent quarters, you can roll the vehicles over, effectively telling the system that the data is the same. You can then edit anything that has changed.
  2. If there are a lot of vehicles and/or drivers, you can import the data each quarter.

Once you add or import the motor vehicles, based on the cost of the vehicle and the number of days each person (driver) has driven each vehicle, the system calculates the benefit value, which then flows through to the Benefit workpaper and into the FBT return.

  • To access the Vehicles page, click the Workpapers tab > Vehicles.
  • To access the Drivers page, click the Workpapers tab > Drivers.

Roll drivers over from the previous quarter

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

  1. On the Drivers page, click the Quarter tab you want to roll the drivers into.
  2. Click the Rollover button.

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