Forum Discussion

LisaD1's avatar
LisaD1
Experienced User
3 years ago

$1,500 Small Business Rebate Scheme

Hi. We have claimed for and received a Covid-19 grant from Service NSW as a relief payment for fees and charges we have paid since 1/4/21. Can anyone help me to correctly enter this payment into MYOB...
  • Tracey_H's avatar
    Tracey_H
    3 years ago

    Hi LisaD1 

     

    Thanks for your post. From an AccountRight perspective you would record a Receive Money transaction for the funds received. However, you will need to speak to your accountant about the allocation account and tax code to ensure that it is reported correctly.

     

    Please let me know if you need further help.

     

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

Tracey_H's avatar
Tracey_H
Former Staff
3 years ago

Hi LisaD1 

 

Thanks for your post. From an AccountRight perspective you would record a Receive Money transaction for the funds received. However, you will need to speak to your accountant about the allocation account and tax code to ensure that it is reported correctly.

 

Please let me know if you need further help.

 

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

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