How do you add the BC Increased Employment Incentive (IEI) to your books? It is a one-time tax credit.

Hi, Alicia. I'll help you with tracking the BC Increased Employment Incentive (IEI) in QuickBooks.

You can record the one-time tax credit as an income or a deposit. You can create an income account from the Chart of Accounts to track the credit. Otherwise, you may reach out to your accountant for additional assistance. They're experts in the accounting field and can advise you on the process. If you don't have an accountant, you can find one familiar with QuickBooks Online through this link: Find an Accountant.

To enter a deposit:

1. Sign in to QuickBooks.
2. Go to the +New icon, then click on Bank Deposit.
3. Fill in the details.
4. Save the transaction.

You may review this article as your reference: Record and make bank deposits in QuickBooks Online.

On the other hand, you can get more resources about the employment incentive from these articles:

• B.C. Increased Employment Incentive
• Examples for the B.C. Increased Employment Incentive

If you have any other questions about handling the one-time tax credit, let me know by adding a comment below. I'm always here to help. Keep safe!