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R
RezaRahmati
December 30, 2019
Question

How to record SR&ED tax credit in Quickbooks Online

  • December 30, 2019
  • 1 reply
  • 0 views

Hi

We have applied for SR&ED and it has been accepted by CRA, CRA deposited money to our account, My question is, in the banking page, how to record this payment? and what type is that money, does it consider as income?

1 reply

J
JamesM
Level 5
December 30, 2019

Hi there, 

 

I appreciate you reaching out to the Community. Making sure you're recording the transactions the right way is a good exercise for preventing errors in your books. 

 

I recommend contacting an accounting professional to get more info on this. If you're not in contact with one, I encourage you to search for one on our website using this link here. Doing this will help prevent any future discrepancies. Let me know if you have other questions. I'm here to help. 

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