Jobkeeper Reconciliation
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Samantha Dwyer
Member Posts: 23 ✭
We have received the first job keeper payment for last month.
What do I reconcile this to? Is it 'Other Income' then do I create a 'Job Keeper' item?
Thanks
What do I reconcile this to? Is it 'Other Income' then do I create a 'Job Keeper' item?
Thanks
0
Comments
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If you have no other items to go into other income then you could use that account. But I created an income account JobKeeoer reimbursements. This clearly allows me to see what payments are received1
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Or
Create a new "other Income" Account called JobKeeper Subsidy... No tax code.
Go to Item List and create a new Item called "JobKeeper Subsidy" (No tax code.) and link to new account above.
Create a Sales Receipt and create a new Customer called JobKeeper Subsidy
use the new item and enter the amount received $3000.00 choose the bank account at the bottom that the subsidy was received in to and save and Close.
Regards
Linda
This is just one way but it works fine.
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Thanks guys!0
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