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Employee Retention Credit Journal Entry  

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(@lchannocpa-com)
Joined: 2 months ago
Posts: 1
29/05/2020 11:14 am  

Hello everyone,

What would be the journal entry for the ERTC in the books? 


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(@casey-4)
Joined: 9 months ago
Posts: 106
29/05/2020 1:52 pm  

I would try google or the CPA for the biz.  I don't know the answer for sure, but I might set up a Contra Expense account, sub account of Wages Expense, to post the credit to.  That way, it is clear that the expense is reduce, but kept separate from the regular wage account?  Again, This is just a guess on my part, i would check with the CPA.


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