Adrien Monteleone-2 wrote > 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 <
> leo57yeung@ > > 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@ > 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. No, these payments are not taxable. -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html _______________________________________________ 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.
