JobKeeper Entry
Samantha Dwyer
Member Posts: 23 ✭
I just want to confirm that once you have entered the JOBKEEPER-START-FN01, you don't have to keep entering a code for every pay after that until it finishes? Except for top ups obviously?
Also, because we don't have to pay PAYGW, how do we reconcile this on Reckon One to show as nil.
Also, because we don't have to pay PAYGW, how do we reconcile this on Reckon One to show as nil.
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Comments
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Hi Samantha,
Check out our JobKeeper FAQ's, it should cover all of your questions -
JobKeeper Payments FAQ
ℹ️ Stay up to date with important news & announcements for your Reckon software! Click HERE for more info.
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thank you! Yes that did answer the first one.
I can't find anything regarding the PAYGW though.
Thanks for all your posts, been great!0 -
$1500 per fortnight is subject to PAYGW so I don't know why it is a problem in reckon0
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Businesses don't have to pay PAYGW for last quarter but it will show up on the balance sheet as a liability. They are calling it a 'Cash Boost'. It was the first thing that came out.
Rav - is there any info on this on how to reconcile the payments?
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With the PAYGW a journal entry may be appropriate0
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Hi All,
I have set up an "Other income account" called "Cash Booster Funds Received"
In the BAS Journal enter the amount credited to BAS Account Say $10,000
Cash Booster Funds Received Cr $10,000
ATO-ICA Dr $10,000
This will reduce the balance sheet account showing debt to the ATO
If A credit is paid to your bank account then simply transfer it to the ATO ICA account in Reckon and it should go back to Nil.
Linda
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Awesome. Thanks Linda!
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