Iam a sole trader, and wondering how I show the job seeker payment in my book work .? does it show in the P& L or balance sheet? Thanks?

Hi St001,

This article will walk you through the steps to record JobKeeper payments once they have been received. As the JobKeeper is classified as a form of income received from the government to assist with payments made to employees, the guide will take you through creating an income account which will show on your Profit & Loss report. 

We understand the importance of recording this correctly and while we are here to help we are also encouraging you to speak with your accountant/tax practitioner if you require further clarification.

-Kass