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Covid Grants

How do I record council Covid grants in Quick File

It needs to show as some sort of turnover in your P&L but not on your VAT return - for mine I created a new code under the sales section in the chart of accounts and tagged the money received to that code via “something not on the list”. Alternatively you could just use the misc income code if you don’t care about the grant showing as a separate line in P&L.

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