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

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JenoP
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Hi there, momentumvabookkeeping.

 

You can create a bank deposit to record the payment into your bank. Here's how:

 

  1. Click the + New button and select Bank Deposit.
  2. Select the bank in the Account field.
  3. Select HMRC in the Received from field. 
  4. Enter all other details including the date of the deposit, amount, account, and reference number.
  5. Click Save and new.

More details about the Self-Employment Income Support Scheme are discussed here: https://quickbooks.intuit.com/uk/small-business-support/.

 

I'd also recommend reaching out to your accountant for further advice on how you can handle this grant in QBO. As always, visit us again if you have other questions. 

 

 

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