We receive Feed in Tariff payments, which are tax free. How do I record them, please
Hi Jeff,
If you received a payment for providing electricity, create a Money
Received transaction with the Type set to 'General Payment' and the From
Account set to 'Uncategorised Income' (or you could create a new income
account called 'Feed in Tariff Income'). If the VAT for such payments is
out out of scope, click More Options > VAT Treatment > Out of Scope.
