ECEC (Early Childhood Education and Care) relief package funding

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ECEC (Early Childhood Education and Care) relief package funding

Hi there,

Does anyone know how to correctly record the ECEC (Early Childhood Education and Care) relief package funding in MYOB.

We know it is not a GST supply BUT is it an income taxable item?

thank you

David_DAISY2194

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Re: ECEC (Early Childhood Education and Care) relief package funding

Hi @daisy2194

 

Thank you for your post.  I do recommend speaking to your Accountant or financial advisor in regards to your query to ensure it is reported correctly. Once you have confirmed how this needs to be reported I can assist you with recording that in your software.

 

Please do let us know if you have any further questions.

Cheers,
Melisa

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