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Post Info TOPIC: Small Business Grant (Covid-19 relief)


Newbie

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Posts: 2
Date:
Small Business Grant (Covid-19 relief)


My company has just received £10,000 from the local authority under the small business grant fund scheme.

 

I know that FRS102 (section 24) covers grants - in the context of them being either revenue or capital related.

As far as I can see the SBGF falls in neither of these categories but is 'universal' in nature.

Accordingly I am at a bit of a loss as to how this should be reflected in the books.

Will someone please advise me ?

Thank you.

 

 



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Senior Member

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Posts: 359
Date:

This is a forum for professionals not business owners to get free advice.    

Just drop it to one of the income codes (create a new one) and your Accountant will sort it out at year end.


Oh wait accordingly to your profile - you have been here before AND been told this is not for Business owners.      

Barry Sheen fake.png

 



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Caron



Newbie

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Posts: 2
Date:

Thank you for your kind advice - actually I'm not a business owner but a baffled bookkeeper.

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Senior Member

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Posts: 359
Date:

Michael C wrote:

Thank you for your kind advice - actually I'm not a business owner but a baffled bookkeeper.


 

Wow you must have big premises for a (baffled) bookkeeper!!!!    Good to know someone is managing to get cash from the LAs.

Why the duplicate profile account?  With 2 different names?

Maybe you should do the newbie intro, helps pitch answers.

Usual stuff - what prof body do you belong to, do you work for yourself or in a practice/ firm,  who is your MLR with, are you a bookkeeper or accountant, what qualifications, how long in role, where up to in your studies-what exams passed/with what body/What in midst of doing, where based, what you did before this role? That sort of thing. Helps get to know you but also how best to pitch answers.    (copied)

 

 



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Caron

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