APPRENTICE SUBSIDY

Davidpriorhomes
Member Posts: 2 Novice Member

We have received Government subsidy for an apprentice. How do I record that please?
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Answers
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HI
I would create an income account and call it something similar or the same to what you have noted i.e. Government Subsidy - Apprentice. Also check for GST, generally GST free
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I would record it to an Other Income or Income account called apprenticeship subsidy or something similar. No tax code
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