COVID rent relief cheque

Welcome back, Okoolat,

It's great to hear that you've received a relief cheque from the office building's landlord. I know it's just as important to enter these kinds of transactions as it is to account for money out, so I want to make sure you have the steps you need to correctly enter it in QuickBooks Online. I'll point you in the right direction.

When you're recording money received, there are a few ways to do so, such as sales transactions, a journal entry, or even a bank deposit. Knowing which to use when is key, and for that I recommend speaking with an accountant. They'll be able to offer you educated guidance on the best way to account for the relief cheque in your books so that they balance and meet the requirements of recording this kind of transaction for your business.

QuickBooks Online's My Accountant tab can help you with connecting to an accountant. It gives you the option to invite someone you're already working with as a user or you can use the Find a pro to help button to search the database of QuickBooks-certified professionals. When you add an accountant as a user, this gives them the tools they need to best help you with your books.

Wishing you the best!