Hi , We have received the initial Cash boost from the ATO in the form of Tax credit against our integrated tax account on the ATO business portal. For sake of exercise, lets say it is $20000 credit. What are the DR and CR entries in Reckon people are applying ? According to ATO, the amount received is TAX FREE and not Assessable income. I'm assuming the DR will be against the TAX Liability (GST) account and the CR will need to be some form of account that doesn't apply GST as well as report the amount into the Profit & Loss account. Anyone with a suggestion on how to set up that type of account please ?