if i am a sole trader and received the jobkeeper alloawance. How do i process this as we draw from b

midwets lock and safe
midwets lock and safe Member Posts: 1 Novice Member Novice Member
edited June 24 in Accounts Hosted
i am a sole trader & received the jobkeeper alloawance. How do i process this in my system (reckon Accounts Hosted) as we only take drawings from the business and dont pay ourselves a wage?

Comments

  • Kris_Williams
    Kris_Williams Member Posts: 4,224 Reckon Hall of Famer Reckon Hall of Famer
    edited June 2020
    Put to an income account called jobkeeper, it is taxable on your tax return. Continue to do the same with drawings
  • Jacqui Allen
    Jacqui Allen Member Posts: 223 Reckoner Reckoner
    edited May 2020
    NB it does NOT attract GST
  • Zappy
    Zappy Accredited Partner Posts: 5,232 Accredited Partner Accredited Partner
    edited June 2020
    NNBB Classify it as OTHER INCOME not Income
This discussion has been closed.

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