HOw do I record an ERC credit?

Hi there, @dancer51.

You can create a deposit to record your ERC Credit. First off, we'll have to create a new account to hold and house this credit. I'll show you how.

1. Go to Accounting.
2. Select Chart of Accounts.
3. Click New.
4. Under Account Type, select Other Income Account.
5. On the Detail Type menu, select the account type accordingly.
6. Enter the name of your new bank account. Say Employee Retention Tax Credit.
7. Click Save and Close.

From here, you can go ahead and create a new deposit transaction using the account created above. Kindly read and use this article to learn more: Record and make bank deposits in QuickBooks Online.

I've got you covered if you have any other questions, please let me know by leaving them in the comments below. Take care!