Sporting Club - receipt of Grants
Apologies for what is probably a very simple question, this is new to me. Our local sporting club has received a couple of Goverment Grants. I have allocated that money to a 'Grant' Income acc...
Forum Discussion
Hi Selena2,
Thanks for your post and welcome to the Community Forum ! Generally speaking a government grant can be recorded via the Receive money window, information on this is available on our help article Receive money. The article doesn't mention if you need to create an expense account for allocating the expenditure, if you're unsure of this I'd recommend speaking to your accountant or financial advisor on whether this is something you would need to record in your software.
Do let us know how you go.
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