ECEC Worker Retention Payment
Can any please give me any advice in setting up the receipt of backpay and future grant payments in my balance sheet please? I am over thinking it and confusing myself.
Any help greatly appreciate...
Forum Discussion
Hi brooke05,
Makes sense to feel that way, lots of people do. The best approach really depends on your situation and the terms of the ECEC Worker Retention Payment. You might need to set up an account to allocate those payments, so it’s worth checking with your accountant for clear advice on handling both any back pay and future grant payments. For payroll, you’ll want to create a new pay item for ECEC and apply it to your employees’ pay runs. I’d also include this post that may relate to your question, it could give you more info about how those payments work.
Cheers,
Princess
