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suenath
Level 1

Our company has recieved job keeper reimbursements for april wages - how do i enter these into quickbooks?

 
1 Comment 1
Rebecca_A Product Champion
QuickBooks Team

Our company has recieved job keeper reimbursements for april wages - how do i enter these into quickbooks?

Hi suenath, 

 

Thank you so much for reaching out. Please follow the below steps to create an Income Account and then Add the JobKeeper Payment: 
 

How to set up an Income account for JobKeeper Payments

Note: we recommend you reach out to your accountant or bookkeeper to ensure this account is set up for your business correctly.

  1. Select Accounting and then Chart of Accounts from the left-hand menu 
  2. Select New 
  3. Select the Account Type Other Income and the Detail Type of Other miscellaneous income 
  4. Enter the Name as JobKeeper Payment 
  5. Select Save and Close 

How to add payments to the JobKeeper Payment account once they are received

Note: The belong relates to files where a Bank Feed is connected. 

  1. Select Banking (or Transactions) from the left hand menu
  2. Select the Card for the bank account the money was received
  3. Select the JobKeeper payment you receive
  4. Ensure the top left drop down box is set to Deposit 
  5. Select the drop down for Category and choose JobKeeper Payment 
  6. Select the drop down for Tax Code and choose Out of Scope 
  7. Use the Memo field to detail which month the payment was for.  For example "JobKeeper Payment for April payroll"
  8. Now select the Add button

Please see here for additional information, should you need it. 

-Rebecca