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

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Cameron Co
Cameron Co Member Posts: 3 ✭
edited April 2020 in Accounts Hosted

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  • Linda Benfield
    Linda Benfield Member Posts: 75 ✭
    edited April 2020
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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


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