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Level 1

job retention

can you tell me how to record the job retention payment once in my bank account 

John C
QuickBooks Team

job retention

Hi tjtsit1968


You will have to create an equity account, select accounting > chart of accounts > new > account type Equity > account detail > Prepaid capital or surplus > Give the account a mane e.g. Furlough > save and close > create a banke deposit > sel;ect New+ > bank deposit > ensure the bank account that you received the amount in to is selected in the account field and the corresponding date when the amount was credited in the date field > in the account column within the 'add funds to this deposit' select the equity account you set up above > you can if you wish enter HMRC in the received from coliumn > enter the amount received in the amount column > save and close.