1. When the business payed the FBT instalment to ATO
Dr FBT Clearing
Cr Bank
2. When allocating the expenses in the year end
Dr FBT Expense
Cr FBT Clearing
3. When ATO refunded the FBT to the business
Dr Bank
Cr FBT Clearing
4. When doing the month end adjustment
Dr FBT Expense
Cr FBT Accruals
5. Reversing the accounts in the start of the following month
Dr FBT Accruals
Cr FBT Expense