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Level 1

Manually adding JobKeeper payments for Sole Trader (no payroll / bank accounts)

As a sole trader (individual) I don't use payroll or connected bank accounts – I add expenses manually.

 

How do I record JobKeeper payments as income in QBO?

 

I have created the Other income account as per step 1 in

 

https://quickbooks.intuit.com/learn-support/en-au/payroll-and-stp/how-to-record-jobkeeper-payments-o...

 

But can't work out best way to manually record the payment.

 

Thanks,

 

Christiaan

Solved
Best answer July 06, 2020

Best Answers
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Content Creator

Manually adding JobKeeper payments for Sole Trader (no payroll / bank accounts)

Hi christiaank,

 

To record your received JobKeeper payments, you can either connect your bank account and add the transactions to your books as they come through, or manually record the deposits. If you would like your transactions to flow into QuickBooks Online so you don't have to enter them yourself, you can connect your bank account using these steps on setting up a feed. Depending on the type of connection you choose and your bank, this can be done in a few minutes. Then you can add the payments to your books using the guide in this article.

 

If you would prefer to enter these manually, you can do so by creating Deposits:

 

  1. Select the +New button (top left corner of the screen), then Bank deposit.
  2. In the Account dropdown up the top, select the Bank Account in which you have received the JobKeeper payment. If you have not yet created this in QuickBooks Online, select the +New option at the top of the dropdown list and follow the prompts to create the account. 
  3. Enter the date the payment was received.
  4. Refer to the 'Add funds to this deposit' line. Under Account, select the JobKeeper income account you have created. Enter a description if required, the amount, and choose the GST code Out of Scope.
  5. Select Save and Close.

 

That will manually record the JobKeeper payment to your books. If you have any other questions feel free to reply as I'm here to help!

 

-Kass

View solution in original post

3 Comments
Highlighted
Content Creator

Manually adding JobKeeper payments for Sole Trader (no payroll / bank accounts)

Hi christiaank,

 

To record your received JobKeeper payments, you can either connect your bank account and add the transactions to your books as they come through, or manually record the deposits. If you would like your transactions to flow into QuickBooks Online so you don't have to enter them yourself, you can connect your bank account using these steps on setting up a feed. Depending on the type of connection you choose and your bank, this can be done in a few minutes. Then you can add the payments to your books using the guide in this article.

 

If you would prefer to enter these manually, you can do so by creating Deposits:

 

  1. Select the +New button (top left corner of the screen), then Bank deposit.
  2. In the Account dropdown up the top, select the Bank Account in which you have received the JobKeeper payment. If you have not yet created this in QuickBooks Online, select the +New option at the top of the dropdown list and follow the prompts to create the account. 
  3. Enter the date the payment was received.
  4. Refer to the 'Add funds to this deposit' line. Under Account, select the JobKeeper income account you have created. Enter a description if required, the amount, and choose the GST code Out of Scope.
  5. Select Save and Close.

 

That will manually record the JobKeeper payment to your books. If you have any other questions feel free to reply as I'm here to help!

 

-Kass

View solution in original post

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Level 1

Manually adding JobKeeper payments for Sole Trader (no payroll / bank accounts)

How do I delete a manual entry of job keeper ( from using these instructions)  ?

Content Creator

Manually adding JobKeeper payments for Sole Trader (no payroll / bank accounts)

Hi MrsR2012,

 

If you have manually created a bank deposit and would now like to delete it, you can do so by:

 

  1. Go to the Settings icon (top right) and select Chart of Accounts.
  2. Locate the bank account you entered the deposit to and select Account history.
  3. Locate the transaction and click on it. Select Delete, then Yes.

 

-Kass