jobkeeper payment received

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Julie C
Julie C Member Posts: 56 ✭
edited June 2020 in Accounts Hosted
How is the Jobkeeper payment processed once received from the ATO?

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  • Bruce
    Bruce Member Posts: 441 Professional Partner Professional Partner
    edited June 2020
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    Deposit to bank with a credit to a new "other income" account called JobKeeper subsidy or similar
  • Linda ABC
    Linda ABC Accredited Partner Posts: 1,131 Accredited Partner Accredited Partner
    edited June 2020
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    https://community.reckon.com/reckon/topics/jobkeeper-deposits-received-from-ato-entering-in-your-rec...
  • Julie C
    Julie C Member Posts: 56 ✭
    edited May 2020
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    Thanks Bruce:-)
  • Julie C
    Julie C Member Posts: 56 ✭
    edited May 2020
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    Thanks Linda.  The thread was very useful and answered my questions #staysafe
  • Julie C
    Julie C Member Posts: 56 ✭
    edited May 2020
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    Linda, do I set up a new customer for who the payment is received from (ie: Victorian State Govt etc)
  • Linda ABC
    Linda ABC Accredited Partner Posts: 1,131 Accredited Partner Accredited Partner
    edited May 2020
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    A customer isnt required for a Make Deposit entry - its probably not worth it for a one time only usage...  just put details in the Memo... 

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