Covid19 Grant

Hi, How do I record the WA State Gov Covid19 grant. It is a cheque, not a credit against Payroll Tax. We're using RA Enterprise Desktop 2020

Comments

Bruce

Don't know the tax treatment of the WA grants but if it is like Victoria where it is not taxable/does not attract GST then use the "record deposits" option. Apply to an "other income account"

Lorri Neal

Thanks Bruce