JOBKEEPER PAYMENTS WITH RECKON ACCOUNTS & RECKON ACCOUNTS HOSTED
Options
Comments
-
I'd like to know this too, much easier than amending past pay runs.
I am aware that MYOB are advising it is okay to do it this way, not sure if there's a reason Reckon is different.0 -
Yes Quickbooks also say it's ok to add to current pay run as it's just advising the ATO which fortnight you want to start claiming.1
-
Hi Lan, that is incorrect, super must be paid for the hours they work. If they earn $800 from working, you pay super on $800. The $750 is deposited into your account from the ATO. If they earn $500, then super will be paid on $500 and you will enter the JKTOPUP for the $250 which excludes super. The ATO will still deposit $750 into your account. Make sense.0
-
Hi cuono, yes I've made that distinction - jobkeeper does not attract SG. This is for any employers who want to pay their employees the $750 as jobkeeper and top up with normal hours - this would disadvantage the employee. You would pay their normal working hours as per usual and top up with jobkeeper if needed.0
-
Thank you Amanda. Sincere appreciation for your response.0
-
so if I'm confident that I have the SG sorted correctly, do I even need to use the JK codes?0
-
The latest information we have been advised by the ATO is that the START item needs to be from the first payrun that includes these payments not subsequent.
I'll ask again internally about it but at this stage that is our recommendation.ℹ️ Stay up to date with important news & announcements for your Reckon software! Click HERE for more info.
0 -
Allan,
I would highly recommend that you don't deviate from the guidelines listed in the documentation above and ensure that you use the JobKeeper items.ℹ️ Stay up to date with important news & announcements for your Reckon software! Click HERE for more info.
0 -
It does accept a $0 payment - I did it as an Update Event
0 -
I'd like to thank you Michelle. Until I read your earlier thread I was all set to delete last week's payrun and redo it as FN01 - now I have simply updated as per your suggestion, which took a fraction of the time a full re-run would have taken - and it all seems to have gone well.0
-
Allan in your case it's a "top-up" as yes.. eligible employees get $750/wk ($1,500 per fortnight) regardless if they generally earn less than that. This is confusing a lot of businesses as it doesn't seem to be logical, so you're not alone, but that's the decision the gov has made. We always suggest a business contact their accountant, BAS agent or the ATO if you need to clarify any concerns.0
-
I understand that this person receives more wages than normal through JK, I get that. My concern was that by only coding $250 as JK then that is all I would receive as JK from the ATO. However, from other posts I've read since, it appears that isn't the case and the coding mostly relates to the Super Guarantee making sure the employer only pays Super in respect to the regular wage.
Is there something else that the JK code does that I'm not understanding?0 -
JK codes are START and FINISH for eligible employees who earn over $1,500/fortnight > they are the simplest and only used once. TOPUP is used in the example you gave above where the employee earns less than the $1,500. This does not attract super however it's up to the employers discretion.
Also note that Fair Work should be consulted. Their landing page for JK is HERE0 -
I understand the first period for Jobkeeper payments is 30/3 to 12/4. I have already processed wages on 6th April (for the period 21/3 to 3/4), 9th April (for the period 28/3 to 10/4) & on 16th April (for the period 4/4 to 17/4) - all staff are being paid above $1500 per fortnight so I don't need to do the Jobkeeper top up payment but will need to put in the Jobkeeper first payment for each of these guys if it's their first payment - do i need to go back & fix all these to show which one was the first within the ATO first period dates of 30/3 to 12/4?
Thanks just want to make sure I do this right.....0 -
Correct Allan. You recive the full subsidy.0
-
Also to answer your question around the code and super. Its actually nothing to do with the code, but the fact you are setting up this pay item as an ALLOWANCE.0
-
Hi Lea, that's the situation we're in. Ideally we'd just put the jobkeeper-start-fn01 into our next payrun to show ATO eligible employees for when to start payments, rather than amending and resubmitting previous payruns. Rav say's this is the guidance he has received from ATO, however other accounting software like MYOB have mentioned the aforementioned scenario also works. I'd like to see this guidance from ATO if possible, to see if it's just a case of interpretation. Waiting to hear back from Rav and Jason regarding this issue.
0 -
How does reckon Accounts handle a Business Partner?
We are a partnership, so I am not an employee of the business, but am still eligible for the Jobkeeper payment. How do I handle this in Reckon accounts? Do I have to set myself up as an employee?
Thanks. Dave
0 -
Hi Dave, no need to add in, each month you'll be making a monthly declaration that you are eligible.
https://www.ato.gov.au/General/JobKeeper-Payment/Sole-traders-and-other-entities/
When enrolling for jobkeeper, there would have been an option to enrol a partner/business entity.1 -
Hi All
I think the instructions regarding withholding tax are incorrect for the JOBKEEEPER-START-FN01. I loaded the allowance following the instructions and went back to change the details on my last pays for the period commencing 30th March and it did not withhold tax.
You clearly have to withhold as JobKeeper is a Gross Payment so the instructions need correcting.
happy to stand correct but l think l am correct
Cheers
Craig
0 -
Craig from what I understand the top-up is what holds the payg and the start-fn01 is only there to advise the ATO what is going on when you do STP
1 -
Hi Craig, the start-fnxx is only to let ATO know when employee should be starting their JK payments - no amount is assigned to this payroll item therefore no need for payg to be ticked. Only jk-topup has amounts assigned, therefore payg is ticked for this payroll item only.1
-
As my understanding, if your eligible employees fortnight pay is over $1500 and you can just process payment as normal. Only those fortnight pay is lower than $1500, you need top-up as an allowance. Once you pay all eligible employees $1500/fortnight, ATO will reimburse the business at next month. I called ATO today, they said there is no need to add Jobkeeper start date and re-submit passed pay runs.1
-
Thanks Lan
0 -
Gillian and Lan are correct. Thanks guys.
Craig you will note that the START and FINISH items are to be set at NIL value ($0.00). If you have a value that attracts tax then these have not been used correctly.
Summary:
START / FINISH pay items are just to inform ATO of eligible employees who are entering / exiting the scheme. If the employee already earns more than the $1,500/fn there is nothing else to do rather than start / finish them. nb. The ATO have advised that when the scheme ends all employees will automatically be FINISHED.
The TOPUP pay item attracts tax and is sent in every pay run.0 -
I have just one person who needs topping up for Jobkeeper for the second fortnight. She earned enough in the first fortnight but her hours were cut back in the second. I have 2 questions for this,
- Do we have to go back to the pays for the first week and put in against each employee JOBKEEPER-START-FN01 and resubmit the payroll or is it only if they have to be topped up (which in the first fortnight they don’t). If we do have to go back, do I make it the first pay or the second pay in that fortnight as we are paid weekly?
- For the person that needs topping up in the second fortnight, do I use JOBKEEPER-START-FN01 or JOBKEEPER-START-FN02. She qualifies for jobkeeper with her ordinary hours in the first fortnight but needs to be topped up in the second fortnight.
0 -
thank you for all the information,
just want to confirm in Step 4 on processing JobKeeper -
the note mention The JOBKEEPER-START- FNxx amount but be blank of (0) but if you want to show on the payslip it will need to enter 1 cent in the rate of the field this confusing if you can confirm how to enter the 1 cent to show on the payslip.
thank you0 -
Last question from me I hope....once you set the Start FN XX for that employee there is no need to do it again for any subsequent pays moving forward, regardless whether they earn more than $1500 per fortnight or less?0
-
Oops one more question, someone from ATO said one of the conditions of eligibility for employees in addition to the other criteria is that they should of been on your STP payroll from 1st of March. I have someone on maternity leave from October last year, they have already been paid their maternity leave 18 week payment. They have not been on STP since March 1. Is this factual?0
-
Hi Jessica. Some businesses have asked to show JobKeeper START / FINISH on a payslip for employees to know it's been submitted (this is not an ATO requirement) and of course if the value is 0.00 our software ignores the item on the payslip.
Therefore the solution is to make the allowance $0.01 in the pay detail when creating the pay, which you can either pay to the employee, or create a reverse deduction item to remove it from the NET pay.0 -
Thank you, so it is ok to place a 0.01 cent in the rate section on the JOBKEEPER-START-FNxx to show on the payslip. as when it mention "MUST be blank(or 0) it reads to me that no amount can be entered or it will delay the process through ATO.
if you can confirm its ok to enter the 0.01 cent in the JOBKEEPER START-FN line to show on the payslip that will be great.0 -
Hi Jessica. No problem.
As for the ATO, they accept 0, 0.01 or 1.00 or 1 > this is because ALL software is different. We actually had to make a change in Reckon GovConnect so that we could accept $0.00, as this is the best practice and what the ATO have told us they prefer.
But yes you can add the above values if you want the START or FINISH items to show (on the employee's payslip).0 -
Thank you for the classification. much appreciated the assistant0
-
You're welcome Jessica. Thanks for reaching out as your question will no doubt help others as well. Cheers.0
-
Hi Cuono, you can see an official response from the ATO HERE (about 2/3 of the way through the thread).0
-
Shout-out to Rav and the Reckon team, thanks very much for the in depth help with JobKeeper etc. The walk through guides were invaluable. I'm certainly no Reckon guru so again thank you.2
-
Do I need to go back to the first eligible weekly pay run and put the Start FN01 in or can I do it in next weeks pay run and top up the previous 2 fortnights in the current payrun. if I have to go back, do I have to then resubmit each payrun after this again?
0 -
Yes I agree that JKP-START-FN01 or FINISH enter in payslip is not an ATO requirement. Also I don't think we need to re-submit passed pay run just for edit previous payroll items to show your starting date to claim JKP. Because:
1. Passed pay run submitted by STP only show W1 and W2 YTD data, it does not show payslip details;
2. ATO will know your JKP start date/pay period by your JKP enrollment. In the JKP enrollment form, the company declare the starting period to participate JKP and how many eligible employees register for payment. These information will be enough for ATO make reimbursement $1500/fortnight per eligible employee;
3. We can not just simply use JKP payroll item to replace normal payroll item, especially when employee worked as normal hours or reduced hours as those worked hours are attract super SGC but JKP hours are not subject to super SGC;
4. I think the software should be made easy and simple for the JKP event, not to complicate the process. The purpose of this whole things is allowed business to claim correct ATO reimbursement, which is $1500/fortnight or $19500 (six months total) per employee. So which ever way recording can do this is fine.
0 -
** UPDATE **
Hi everyone,
We've created a JobKeeper FAQ document which you'll find below. Its an evolving article and will be updated with more content as we proceed through this.
The FAQ also clears up a recurring question that is coming up in this, and other threads, which specifically relates to previously submitted payruns and the JOBKEEPER START-FNXX item. We've reviewed the advice from the ATO regarding this and have temporarily revised our recommendations.
Please see our JobKeeper FAQ below -
HELP ARTICLE: JobKeeper Payments FAQ
ℹ️ Stay up to date with important news & announcements for your Reckon software! Click HERE for more info.
0
Categories
- All Categories
- 6.4K Accounts Hosted
- 10 📢 Reckon Accounts Hosted - Announcements
- 5.9K Reckon Accounts (Desktop)
- 3 📢 Reckon Accounts Desktop - Announcements
- 1.3K Reckon Payroll 🚀
- 21 📢 Reckon Payroll - Announcements
- 21 Reckon Payroll Help Videos 🎥
- 21 Reckon Mate App
- 3K Reckon One
- 7 📢 Reckon One - Announcements
- 10 Reckon Invoices App
- 14 Reckon Insights
- 107 Reckon API
- 822 Payroll Premier
- 307 Point of Sale
- 1.9K Personal Plus and Home & Business
- 63 About Reckon Community