Employee Retention Credit Funds should be reported as follows:
- J. Revenue: Other Federal Revenue - Enter an External Public Annotation explaining the funds are from ERC covering the period of mm/yy to mm/yy
- K. Operating Expenditures: No entry
- L. Summary of Operating Expenditures: Enter revenue amount in Total Expenditures - Other Federal Funds data cell to zero out the balance. Enter the same External Public Annotation explaining the funds are from ERC for the period of mm/yy to mm/yy
