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How would you log receiving government grants/benefits? (UK)

Ben_GlasgowBen_Glasgow Member Posts: 3

As with the situation all over the world, my business has been massively impacted by lack of events and as a result I've had to seek government assistance such as their SEISS scheme and Universal Credit.

How should I use Wave to log benefits?

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edited March 30, 2021 in Accounting Technical Support

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    BarsinBarsin Member, Moderator Posts: 2,041 ✭✭✭

    Hey there @Ben_Glasgow

    I understand that as a North American company, our two grant services were different, and therefore it may be difficult to assist you overseas but I can definitely send you our Covid-19 resources which may be able to help you bookkeep your loan in a similar manner. Check out the different loans offered to North Americans and also reach out to an accountant to see how this might affect your particular loans for tax purposes.

    https://support.waveapps.com/hc/en-us/sections/360008575192-COVID-19-general-resources

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