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bairbredeb
Level 1

If i receive a start up grant how do i put this on my qb as it is not a sale but it is income

 
1 Comment 1
AlcaeusF
Moderator

If i receive a start up grant how do i put this on my qb as it is not a sale but it is income

Hi @bairbredeb,

 

Welcome to the Community. Let me help you record grants in QuickBooks Online.

 

You can use the Bank deposit option to enter grants you received. However, I recommend consulting an accountant for expert advice about the account best to use during the process.

 

Here's how:

 

  1. Click the + New option in the upper-left corner.
  2. Select Bank deposit below Other
  3. Choose an account.
  4. Enter the necessary information.
  5. Hit Save and close.

Additionally, I recommend visiting the following article to know more about recording journal entries: Create a journal entry in QuickBooks Online.

 

Please let me know if you need anything else regarding the setup. The Community and I will be here to help you.