Leave Accruals - Jobkeeper Subsidy

[Polly919]

1st April 2020

Hi All,

May I have feedback regarding this Jobkeeper subsidy once up and running - when it comes to this fortnightly payment, what happens with superannuation calculations and annual leave/sick leave accruals?

[Tracey_H · Accepted solution]

Hi @Polly919 

Thanks for your post. Our experts are currrently working on help articles for the Jobkeeper subsidy which will provide information and assistance with recording the subsidy in your software. Those help articles shouldn't be too far away and I'll update you when they are available.

Please let me know if you need further help.

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

[Tracey_H]

Hi @Polly919 

I just wanted to give you an update, our team are continuing to work on a detailed help article on this topic. In the meantime we recommend checking the following links for more information:

www.business.gov.au/jobkeeper payment 

treasury.gov.au/Fact Sheet 

[Polly919]

Thanks Tracey 

[VM1]

Hi @Tracey_H 

Please kindly keep us updated if you have any further information regarding this.

Thanks!

[feredayles]

Is MYOB going to set up a payroll category to cover the JobKeeper payments?

According to the ATO they are going to accertain eligability for an employee through the one touch payroll.

If an employee is paid over the threshold of $1,500 per fortnight then they do not receive a "Top Up" payment and therefore no reference to the $1,500 JobKeeper payment will show on the payroll?

How then is the ATO to know that that particular employee is an eligable employee so that the employer recieves the JobKeeper subsidy of $1,500.

Likewise an employee who earns less than the $1,500 will be paid the "Top Up" and I assume that this will trigger the full payment of $1,500 to the employer from the ATO. 

It would be good if there was a category in the payroll that showed the $1,500 Job Keeper then had a seprate deduction or addition for the payment to the employee. Regards, Les Fereday    

[Tracey_H]

Hi @feredayles 

Our experts have created detailed help articles which will guide you through recording the JobKeeper payments in your software.

However, we do need to wait until the JobKeeper payment has been legislated before we release those articles. At this stage, changes are still being made to the payment and we do need to ensure that the information we provide is correct.

Once this payment has been legislated and our help articles are released I will update this post.

[Tracey_H]

@Polly919 @feredayles @VM1 

Hi everyone

We are now able to provide you with our JobKeeper payment help articles. These will assist you with setting up and processing the JobKeeper payments in your software:

JobKeeper payments: AccountRight 

JobKeeper payments: Essentials 

Please do let us know if you need further help.

[Polly919]

Thank you @Tracey_H 

[VM1]

HI Tracey, 

Is it right to assume there is no accruals for the job keeper payments?

Many thanks!

Louis