WA Apprenticeship Employer Incentive Payment processing

[rallytone]

Hi

We have just received an Employer Incentive payment for an Apprenticeship Commencement.  How should I process this payment in MYOB?

Regards

[Tracey_H · Accepted solution]

Hi @rallytone 

Thanks for your post. From an AccountRight perspective you could record a Receive Money transaction. Generally speaking these types of payments are allocated to an Other Income account. However,  I would recommend checking with your accountant about the account and tax code to use to ensure it is reported correctly.

Please let me know if you need further help.

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