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Quickbooks Tutorial - How to Record Proceeds from a PPP Loan

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Quickbooks Tutorial - How to Record Proceeds from a PPP Loan

41,677 views April 25, 2020 5:50

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ChannelThe Quickbooks University

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QBUniversity.org - In this Quickbooks tutorial I walk through how to record proceeds from a PPP Loan. PPP stand for Paycheck Protection Program, which is a unique loan program in the US that allows small businesses with less than 500 employees to borrow money from the SBA. When certain conditions are met, this loan can be forgiven.

But how do you record the money you get from a PPP Loan in Quickbooks? This video walks you through how to record the PPP Loan proceeds.

Discover more at QBUniversity.org

About this tutorial

The Quickbooks University published this 5:50 video tutorial on April 25, 2020. It has been watched 41,677 times on YouTube.

Category
Education
Duration
5:50
Published
April 25, 2020
Views
41,677
Likes
365

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Further reading

  • How do I record a PPP loan in Quick Books Self Employed? quickbooks.intuit.com

    Thanks for stopping by the QuickBooks Community. There's a few things to keep in mind on your PPP loan that are required in order to be forgiven. Use the funds within an 8-week period after your lender sent you the fund…

  • Solved: How to record PPP loan forgiveness? quickbooks.intuit.com

    Thank you for joining the thread, RB30. The best way to set up the PPP is as a short term liability if you know it would be forgiven. If you're not sure how to create this liability, use this article to set up the loan…

  • Recording the PPP SBA loan - QuickBooks®: Official Site 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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