One of my clients has applied for and successfully received a grant towards his website costs. The amount received was £500. How do I account for this money in the books? Do I put the amount to other income, or some other account? Not sure what I need to do. At the moment it's in suspense.
You have two options, you can either go into file-maintenance-corrections and then find the relevant transaction number and amend the nominal code to website costs. Or you can simply do a journal in the nominal ledger between the two accounts.