With all the help for small businesses, it can be difficult to know where to put payments when bookkeeping ...
If something is a loan and will need to be paid back then an account code will need to be added in the current liabilities. It will be best to separate those related to COVID-19 to their own codes so you can keep track of them.
The £10,000 I saw come into my client's bank account was from the Small Business Grant Fund and this will need to be included in the profit and loss account as income. Unless more information comes out to change this, we assume this will be taxable as such.
For my client, I created a new income code in the profit and loss account to allocate the funds to so it is very clear to their accountant what it is when it comes to producing their year-end accounts.
If anything I've written here resonates with you, call me on 01604 420057 and let's see how we can help you.