APPRENTICE SUBSIDY

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Davidpriorhomes
Davidpriorhomes Member Posts: 2 ✭
in Reckon Accounts (Desktop)

We have received Government subsidy for an apprentice. How do I record that please?

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  • JO-ANNE_7327707
    JO-ANNE_7327707 Member Posts: 263 ✭✭✭
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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

  • Kris_Williams
    Kris_Williams Member Posts: 3,303 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
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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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