Ive receive a furlough payment to cover staff wages how do I account for this?

 Give the account a mane e.g. Furlough > save and close > create a bank deposit > select 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 column > enter the amount received in the amount column > save and close. We have however also seen this the Furlough amount being classed as income, you would therefore select accounting > chart of accounts > new > in the account Type field select Income > in the detail type select discounts/Refunds Given > name the account > save and close. As above create the bank deposit however in the account column within the 'Add funds to this deposit' section select the income account you have just created. We must make you aware that we are not trained accountants and anything advise you should be qualifed by an accountant