How would I go about posting an ERC credit? I just received a check from the IRS
Alan S
How would I go about posting an ERC credit? I just received a check from the IRS
Alan S
ERC should be recorded as Other Income and goes below the line.
According to our accountant this would be a Debit to Cash and a credit to an "Other Income" account.
*Community Hub is the new name for Sage City