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Status Answered
Created by AgExpert Support
Created on Nov 9, 2016

Disqus Agexpert Accounting Questions Archive

What would a rebate cheque from WCB be posted as? Eligible or non eligible expense?

  • ADMIN RESPONSE
    Feb 10, 2025

    Good morning Erin.

    Is WCB paying back a portion of the WCB you paid earlier? If so, then you won't actually post this as income. Instead, you will set your type to Expense, and use the same WCB expense account that you had posted your original payment to.

    If this is indeed a true rebate, then this would be considered eligible, since you only pay WCB on eligible payroll expenses.

    I hope this helps!

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