Thanks for getting back to us, @melaniegrenyer99.
We can start by setting up an income or equity account to track the furlough scheme payment. Then, use this when entering a deposit. Before doing so, I'd suggest consulting your accountant in choosing the appropriate account and detail types for this.
Once done, make a bank deposit to post the payment. Here's how:
For more information, consider checking out this article: COVID-19: Coronavirus Job Retention Scheme.
Please let me know if you have any other issues or concerns in the comment section. I'll be here to assist. Take care and have an amazing rest of the day!
Hello there, @kevinneal.
When creating a new account, you can select a detail type that fits the transactions you want to track. The detail types give more information about what you can track with each account type.
To learn more about detail types, you can check this link: Learn about detail types in the chart of accounts.
I've also added these articles about the chart of accounts in QBO:
Fill me in if you have other questions about accounting terms. I'm always here to lend you a helping hand. Take care!