To recognise your cashflow boost amount in your financials you should complete the following:
Step 1: Set up a new ‘Other Income’ Account: Cash flow Boost
IMPORTANT TIP:Make sure you do not have a GST code for this account as this will affect your BAS and job keeper reports.
Step 2: Code the Transaction
If you require any further assistance with coding this transaction, please don’t hesitate to contact us on 07 5451 1118.