Table of Contents
Adding JobKeeper Allowance pay items in Reckon One
In order to process a JobKeeper payment, there are a minimum of three (3) ATO mandated allowance pay items that need to be added to your book. This document will guide you through the setup of the required ATO pay items in Reckon One.
Go to Settings and select Payroll settings > Pay items
Click the Add button.
In order to process a JobKeeper payment, three (3) allowance pay items need to be created.
JOBKEEPER-START-FNXX/JK-ST-FNXX
This allowance item is used to indicate the first JobKeeper fortnightly period for which the subsidy is payable. "XX” refers to the start fortnightly period to which the payment applies. You can use either JOBKEEPER-START-FNXX or JK-ST-FNXX.
Click here for more information on the ATO's Fortnight Numbers (FN).
Allowance item set up
Pay item type: Allowance
Allowance type: Other
Name: JOBKEEPER-START-FNXX OR JK-ST-FNXX
You will need to replace "XX" accordingly to which JobKeeper reporting period your pay date falls in.
Expense account: Choose an existing Expense account to track the transactions. Alternatively create a new expense account. ** Please contact your qualified advisor (eg accountant, bookkeeper) for assistance as needed.
Calculation basis: Quantity
Default rate: Null
Limit: Null per pay
Tax applicable: Tax free
Show as allowance on payment summary: Ticked
JK-TIERX
This allowance item is used to determine which JobKeeper tier the employee falls into. "X" referes to the tier number, so for example if an employee is Tier 1, the item will be named JK-TIER1.
Allowance item set up
Pay Item Type: Allowance
Allowance Type: Other
Name: JK-TIERX
You will need to replace X with the relevant tier, either 1 or 2.
Expense Account: Choose an existing Expense account to track the transactions. Alternatively create a new expense account. ** Please contact your qualified advisor (e.g. accountant, bookkeeper) for assistance as needed.
Calculation Basis: Quantity
Default Rate: Null
Limit: Null per pay
Tax applicable: Tax free
Show as allowance on payment summary: Ticked
JOBKEEPER-TOPUP
This allowance item is used to indicate a gross amount top-up to the Jobkeeper payment minimum.
Allowance item set up
Pay item type: Allowance
Allowance type: Other
Name: JOBKEEPER-TOPUP
Expense account: Choose an existing Expense account to track the transactions. Alternatively create a new expense account. ** Please contact your qualified advisor (eg accountant, bookkeeper) for assistance as needed.
Calculation basis: Quantity
Default rate: Null
Limit: Null per pay
Tax applicable: Gross payments
Show as allowance on payment summary: Ticked
JOBKEEPER-FINISH-FNXX/JK-FI-FNXX
This allowance is used to indicate any exit of eligibility or termination of the employee. "XX” refers to the final fortnightly period to which the payment applies.
Click here to find out about the Fortnight numbers (FN).
This can occur due to Workers' Compensation absence, cessation of employment, change of citizenship, visa, personal circumstances and for other reasons which can make an employee no longer eligible to receive the JobKeeper Payment.
Allowance item set up
Pay item type: Allowance
Allowance type: Other
Name: JOBKEEPER-FINISH-FNXX OR JK-FI-FNXX
You will need to replace "XX" accordingly to which JobKeeper reporting period your pay date falls in.
Expense account: Choose an existing Expense account to track the transactions. Alternatively create a new expense account. ** Please contact your qualified advisor (eg accountant, bookkeeper) for assistance as needed.
Calculation basis: Quantity
Default rate: Null
Limit: Null per pay
Tax applicable: Tax free
Show as allowance on payment summary: Ticked
Please refer to how to process JobKeeper payments in a pay run after you have created the 3 allowance items.
