How do you account for the AVERAGE jobkeeper monthly amount of $3250 ????

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  • Updated 3 months ago
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Cameron Co

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Posted 3 months ago

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Linda Benfield, Accredited Partner

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Hi Cameron,

Create a Sales Receipt (From Customer Menu).

Customer (add new) could be "ATO - JobKeeper Subsidy"

Set up new Item also called  "ATO - JobKeeper Subsidy"

Link to new "Other Income Account" also called "ATO - JobKeeper Subsidy" (No Tax Code)

You could set the amount as $750 and then just use QTY = 5 
or
just enter the amount in full.

You can call it what ever you like really, this is just a suggestion and keeps it away from other business income for future Jobkeeper reports.

Hope that helps

Linda