How do I record the payment received from the government CERB program?

Hi there, 

The Canada Emergency Response Benefit supports Canadians by providing financial support to employed and self-employed Canadians who are directly affected by COVID-19. It provides a payment of $2,000 for a 4-week period (the same as $500 a week) for up to 16 weeks. I'd be happy to point you in the right direction for help with recording this in your books. 

This situation is new for everyone, and we're all learning the best ways to manage the books under unique circumstances. I want to make sure you have all the necessary information, so take a look at this helpful resource from the CRA: Apply for Canada Emergency Response Benefit (CERB) with CRA. 

Once you've read the information regarding the CERB, I'd encourage you to consult an accountant on the best way to record this in your books. I'm not qualified to make recommendations on accounting matters, but your accountant will know how to record these types of funds. With their recommendation, I'd be happy to explain the steps to record it however they see fit. 

If you're not yet connected to an accountant, you can find one in your area here: Find an Accountant.

I hope this helps get you on the right track. If you have any other questions, please don't hesitate to reach out to our tech support team.

Have a great day.