Someone on the list from Canada (even better, a local CPA) should offer better advice, but the first question you probably want answered is, “Is this taxable next year?”
That will likely influence how you record it now. Regards, Adrien > On Apr 17, 2019, at 4:37 PM, gn00b <leo57ye...@hotmail.com> wrote: > > When I file my 2019 personal income tax for income earned in 2018, the > government will send me a monthly cheque based on my 2018 income. What > should the credit side of the journal entry look like when I initially > record this? Should I be treating this as income? I know I should Debit > Benefit Receivable for the amount. When the government pays me, I know I > would Debit Bank, Credit Benefit Receivable. > > If anyone is from Canada, this is referring to the Ontario Trillium Benefit > and the GST/HST Credit. > _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
