cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Everything you need to know about banking in QuickBooks Online - Discover more
elias2
Level 1

How do we post for the government grant received in QB?

 
1 REPLY 1
EmmaM
QuickBooks Team

How do we post for the government grant received in QB?

Hello Elias2, You can record this as a bank deposit. You will need to set up an income account to record this. You can go to accounting>chart of account new>other ncome>detail type>misc>name change ti to small business grant(or whatever is best for you. Then go to +symbol>bank deposit and select date and the bank paid to and in add funds to this deposit select that newly set up income account(you do not have to put a payee in unless you want to. Fill in the rest and save and close. Any questions on this just reply back to this thread.

Need to get in touch?

Contact us