Accounting for the Coronavirus Job Retention Scheme (CJRS) grant    
In VT Final Accounts, this can be recognised as income in the profit and loss (P&L) when the criteria for recognition have been fulfilled in accordance with Government Grants in FRS 102 (or FRS 102 Section 1A for small entities; FRS 105 for Micro-entities).

For full details of your obligations for accounting for government grants please refer to FRS 102, FRS 102 section 1A or FRS 105.

Manual entry workbook

To recognise the grant as income in the P&L, enter it in the Other operating income line in the PROFIT & LOSS section of the Trial Balance sheet:



The value then appears as Other operating income in the P&L in the Small Company and Medium and Large Company templates:



Or Other income in the Micro company template:



Linked entry workbook

In VT Transaction+, the grant can be posted to the Other operating income account:



When linking a VT Final Accounts workbook to the VT Transaction+ file, this balance will automatically be assigned to the Other operating income/Other income headings in the P&L as shown above.