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June 3, 2020
Question

How do I input my self employment income support scheme payment on my quickbooks

  • June 3, 2020
  • 1 reply
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1 reply

JenoP
June 3, 2020

Hi there, pe-email.

 

You can create a bank deposit to record the payment into your bank. Here's how:

 

  1. Click the + New button and select Bank Deposit.
  2. Select the bank that you'll be using for this grant in the Account field.
  3. Select HMRC in the Received from field. 
  4. Enter all other details including the date of the deposit, amount, account, and reference number.
  5. Click Save and new.

More details about the Self-Employment Income Support Scheme are discussed here: https://quickbooks.intuit.com/uk/small-business-support/.

 

I'd also recommend reaching out to your accountant for further advice on how you can handle this grant in QBO.

 

As always, visit us again if you have other questions. The Community is always here to guide you.