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Ep 17 Bookkeeping Tutorial | How to record PPP Loans and Spending in Quickbooks Online

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Ep 17 Bookkeeping Tutorial | How to record PPP Loans and Spending in Quickbooks Online

14,286 views May 25, 2020 9:30

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ChannelStephanie Ramirez

Description from the creator

If you’re a bookkeeper or a business owner who is doing your own books and have received funds from the payroll protection program than you need to checkout this video.

I go into detail explaining how to setup and record the need accounts for both income and expenses for the PPP loan and how to run reports in QuickBooks Online. Tracking this information is so important in ensuring your loan will be forgiven.

PART TWO PPP FAQ
youtu.be/MA4VKO1x4Oo

HOW TO GET PPP FORGIVEN:
youtu.be/s_iAzYGxirk

Financial Design is a non-CPA accounting firm that provides exceptional accounting & business consulting services. We specialize in a variety of industries such as construction accounting, property management and a variety medical industries.

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Disclaimer:
The video is intended to provide generalized financial information designed to educate a broad segment of the public; it does not give personalized tax, investment, legal or other business and professional advice. Before taking any action, you should always seek the assistance of the appropriate professional who knows your particular situation for advice on your taxes, your investments, the law or any other business and professional matters that affect you and/or your business.

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About this tutorial

Stephanie Ramirez published this 9:30 video tutorial on May 25, 2020. It has been watched 14,286 times on YouTube.

Category
Education
Duration
9:30
Published
May 25, 2020
Views
14,286
Likes
347

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Further reading

  • Accounting For Your PPP Loan agencymanagementinstitute.com

    www.AgencyManagementInstitute.com Ph: 800-830-6242 2 Accounting for PPP Loan Funds Set up two new accounts on your books: § Paycheck Protection Program Loan (a current liability account)

  • Solved: How do I record an EIDG ("Economic Injury Disaster ... quickbooks.intuit.com

    First, I think you may mean EIDL where L is loan. If you have been approved and funded by the SBA for an EIDL. 3.75% 30 year loan that is a long term liability without forgiveness.

  • Recording the PPP SBA loan quickbooks.intuit.com

    Deposit. Debit banking. Credit PPP Loan or whatever you want to call it as a liability. If you can 110% guarantee that it will ALL be forgiven set it up as a short-term liability since the life of the loan is only 8 wee…

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