The 50/50 method can be quick. But when meal entertainment includes clients or other external attendees, it can increase your FBT liability if the record does not capture who attended and the context.
That is when finance teams end up treating more spend as taxable and chasing details at year end.
In Episode 1 of ProSpend Lunch and Learn, our product experts showed how to capture the minimum FBT detail in ProSpend at submission, then run the reporting you need for review and year end evidence.
What we covered
- Where FBT details are captured in ProSpend at the point of submission
- The minimum capture that makes records usable for review and evidence
- Reporting views that support year end review without last minute follow ups
- Practical setup tips that reduce rework, plus live Q&A with our product expert
Want help applying this to your FBT workflow?
Book a free 30 minute consultation with our FBT expert.
We will review your current capture, your review flow, and the reports you rely on for year end evidence, then share the quickest fixes that typically reduce follow ups.
Related reading:
Disclaimer: General product guidance only and not tax advice. Please check your approach with your tax adviser for your circumstances.
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