Hi hello33,
To answer question it would be tricky without having a chat over our phone support to view how you the journal has been organised. Based on the articles for 'Recording Cash Boost stimulus payments' you can see here.
As an example used in the article about allocating the refund which includes the creation of the journal entry:
The GST Payable is $10,000 and the Cash Boost is $15,000 this means you will a refund of $5000 from the ATO
- Select GST from the left hand menu
- Select Record Payment from the Actions column of the relevant Lodged BAS
- Select Cash Boost Clearing from the drop down menu.
- Enter in $10,000 into the Payment amount field
- Select Save
- Select + New button from the left hand menu and choose Journal entry
- In the first line enter a Debit of $10,000 to the Cash Boost Clearing account
- In the second line enter a Debit of $5,000 from your bank account you will be making the payment from.
- In the third line enter a Credit of $15,000 to the ATO Cash Boost Stimulus account
It would be best to give our customer success team a call, which you can find out contact details here. This way our team can run through the steps with you to see if the refund has been set up correctly. Overall please note we would recommend you reach out to your accountant or bookkeeper to confirm the the owners drawing is the best account to use for the business.
-Steven
