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Resurgence Support Payment

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Slava
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Resurgence Support Payment

Does anyone know how to record the NZ Resurgence Support Payment in Essentials?

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Slava
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Resurgence Support Payment NZ

Does anyone know how to record the NZ Resurgence Support Payment in Essentials?

jenniek
Ultimate Partner
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New Zealand
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Re: Resurgence Support Payment

Hi @Slava 

Create a new income account (Including GST) in the Chart of Accounts. Put the resurgance payment in there.

If you are also getting the wage subsidy - do this as well but the income account is exempt of GST.

 

Regards,
Jennie Kingma
JK Business Systems Ltd, Hamilton, NZ
Email: jennie@jkbusiness.co.nz
Slava
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Re: Resurgence Support Payment

Hi Jennie,
Thanks for your response but I am still confused.
The resurgence and wage subsidy are not subject to the income tax.
If I create a new income account everything what goes there will be subject to it. Isn’t it?

Regards

Slava

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