Can someone please explain how to post the CJRS payment we have received towards furlough costs. I have read a previous answer on this question and lost the will to live. I know how to calculate the claim, I know how to make the claim, I know how to run and post payroll. I just need to know how to post this income, preferably without my accountant having to do something else with it at year end.
The jrs payment in to your account is simply recorded as misc income.
Its effectively a grant against payroll costs and as its taxable (but will have a net tax effect of £0) its classed as income.
Thank you. That’s nice and simple