As mentioned below:

Hi All,

You should create a new account called  "Other Income - Canadian Emergency Wage Subsidy" and post it there. You should also have an account called "Other Income - Temporary Wage Subsidy" for that subsidy, as they are different programs and should be recorded separately. Both subsidies are taxable income. Be careful with the Temporary Wage Subsidy amount as you need to be deducting that from your CRA Payroll Source Deductions payment. You'll need to record an adjusting journal entry to reduce the PD7A payment in your Payroll Taxes module as it won't match up with what comes out of your bank account. Then you can match the reduced Source Deductions payment to your Journal Entry. The CEWS amount is not a deduction of any kind, it's going to come into your bank and should be posted directly to other income. 

This income is considered extraordinary income and is not included in the calculation when comparing revenue year-over-year, etc. when calculating your benefit %.

Pat