Institute of Certified Bookkeepers
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Cash Flow Boost Payment

  • Associate in Employment
  • 3 posts
  • # 118566

Today I lodged the company quarterly BAS, and monthly PAYG.  The integrated tax account has automatically been credited with the 1st Cash Flow Boost Payment, leaving a refund to be paid to the company.  What is the best way to record this cash flow boost, and subsequently the refund in the accounting software?

Thank you,

  • Fellow in Practice
  • Practice Certificate
  • 49 posts
  • # 118572

Hi,

ICB have a great resource on the PAYG W Cash Boost (on the Covid19 page) and provide info on how to code the refund.

Regards,

Vija

  • Member in Practice
  • Practice Certificate
  • 7 posts
  • # 118574

I'm just looking for that resource Vija and I'm quite goggle eyed looking at that page now.  I can't see anything obvious.  Which resource is it?

  • Fellow in Practice
  • Practice Certificate
  • 49 posts
  • # 118584

I know what you mean, Heidi,

things keep moving on the ICB website.

Try Covid19 webpage, left hand side "The ICB Explanation of Stimulus Package#2 PDF 23rd March" about page 7

Regards,

Vija

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