Covid19 Grant

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Lorri Neal
Lorri Neal Member Posts: 14 ✭
edited August 2020 in Reckon Accounts (Desktop)
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

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  • Bruce
    Bruce Member Posts: 442 Professional Partner Professional Partner
    edited August 2020
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    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
    Lorri Neal Member Posts: 14 ✭
    edited August 2020
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    Thanks Bruce

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