Jobkeeper codes COVID 19 - will there be a special code we need to use? Will Reckon do an update t
Fiona Christoff
Member Posts: 10 ✭
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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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.
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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.3
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