Jobkeeper codes COVID 19 - will there be a special code we need to use? Will Reckon do an update to include this??

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Jobkeeper codes COVID 19 - will there be a special code we need to use for Jobkeeper payments? Will Reckon do an update to include this before May 2020?
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Fiona Christoff

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Posted 3 months ago

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Kevin Russell, Accredited Partner

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Fi, I'm pretty sure no one knows.You could ring your local MHR. Good luck:)

Oh and have a look here

https://www.legislation.gov.au/Details/F2020L00419

These rules only came out last Thursday so theyre hot off the presses. 
(Edited)
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Rav, Community Manager

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Hi Fiona,
We're hoping to have more information on how to handle Jobkeeper payment reporting in our software this week after we finalise all the details with the ATO.

Hit the 'Follow' button on this post as further updates will be made there as soon as they're available - Jobkeeper payments & Reckon software
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Bruce

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I assume that you are talking about GST codes and until we see the final directives from the ATO (who now have responsibility for the rules - having shifted from Treasury) we can't be certain. 
For what it is worth I do not see the need for a new GST code, but I'm not writing the rules.

Irrespective of special codes I am planning on having new Boosting Cash Flow and JobKeeper related account lines and items if for no other reason that I can easily identify these items in my financial reports.