Allowance for Worker Retention Grant
My client has just been approved for the Worker Retention Grant for child care centres. The grant allows employees to be paid 10% more of their award rate (Children Services Award). For the reconci...
Forum Discussion
Hi Princess,
Thank you, when we receive the grant where do I add that amount to? Or is it supposed to be linked to another income in MYOB.
I set up a new account in other income (81 number).
When is all finished you can reconcile how much money was spent on the employees and how much you received from the government via CCS payment. If the money you spent on wages is greater than the amount earned then you will get extra money. If it is the other way round, you received more money that was expensed through wages, then you will need to refund that amount.
I also enter the amounts into my spreadsheet every payroll so see how it is going.
For me, it looks like I will need to refund at the end.
Hope this helps.
Regards
Ellen
Thanks Ellen
