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Everything you need to know about connecting your bank and credit cards in QuickBooks Online

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emmam6
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Hello Community Users! We just wanted to add some a more detailed answer as to why it would be income. The above advice was given based on the HMRC guidance for how to deal with the grant. If you are using the the self employed product you will have to categorise the the grant as business income as it is subject to Income Tax and self employed National Insurance, see the 'How the grant works' section of the enclose link.

https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-su...

We must make you aware that we are not accountants and to always consult with an accountant or HMRC if you are unsure. 

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