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How to tag Coronavirus Job Retention Grant

We have received a grant for the payment of furloughed employees’ wages and NI. What should it be tagged as and what option should be selected in the ‘Post to Nominal’ drop down box?

Thank you!


That reply has completely confused me. I have received the payment, so I know how to claim and what to claim etc. All I eed to know is the correct way to record the payment received. I have done the payroll itself by journal entry. What do I do with the payment, please.

Tag it to misc income. Its a taxable grant.(even tho the net affect will result in £0 tax)