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Cost of living payment

LBInteriors
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Cover User

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Cost of living payment

How do I enter the Government Cost of Living payments so they are not subject to income tax or GST?

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Tracey_H
MYOB Moderator
11,429 Posts
MYOB Moderator
MYOB Moderator

11,429Posts

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Re: Cost of living payment

Hi @LBInteriors 

 

Thanks for your post. If you're not sure how to record these payments you will need to speak to your accountant about the applicable account and tax code to ensure they are reported correctly.

 

Please don't hesitate to post again if you need help in the future.

 

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

 

 

Cheers,
Tracey
Previously @bungy15

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