Tax Credit Posting

Hi, to which account should I post weekly Working Tax Credits, which are paid directly into the business bank account of a sole trader? I don’t want to upset the P&L and Tax Calculation functions.

If it’s not business income then the usual way is to mark it as a bank transfer from the proprietor drawings account - that’s how you account for any money that “belongs to” you rather than to the business being introduced into the business account.

NB I am not an accountant, check with a real one if you want to be sure.

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Ah yes! That sounds perfectly sensible.
Many thanks,