Received a $5000 SBA loan. What category do I file this under?

Hi there, box0920. 

Thanks for stopping by the Community, congratulations on receiving your SBA loan, I'm happy to guide you on how to set up and track the loan, follow along below. 

1. Go to the + New icon and select Expense, Check, or Bill.
2. In the Payee field, enter the business or person you bought the expense from.
3. Fill out the Payment account fields.
4. Fill out the Payment date and Payment method fields.
5. (Optional) You can use the Ref no. field to enter an identifying number from the purchase receipt.
6. Give the item a name, and from the Category ▼ dropdown, select the right expense category.
7. Enter the full amount of the item in the Amount field.
8. Select Save and close.

Once you’ve started to use your funds, you can create and save a report to check how much you're spending. Here's how:

1. Go to Reports and select Profit & Loss.
2. On the Reports period ▼ dropdown, select Custom. Enter your covered period:
   • First date: the day your lender sent you the funds.
   • 8-weeks (56-days) or 24-weeks (168-days) after the date you received your PPP funds.
3. Select the Customize button.
4. Select the Change columns link found under the Column dropdown.
5. After the Change column expando opens, select % of Column checkbox.
6. Make sure the Accrual radio button is selected. Note, the default is for the report to identify expenses on an “Accrual” basis, but you may change this default, so the report identifies expenses on a “Cash” basis.
7. Select the Filter dropdown, select the Distribution Account checkbox.
8. Select all the categories that you’ve spent money on ( it’s okay if you select all the categories), and select Run report.
9. Select the Vendor checkbox and select all the vendors that you’ve spent money on.
10. Select the Save customization button, give your report a name, and select Save.

You can find these steps and more more info on how to track your new SBA loan at the follow link: Track how you use your new loan.

If you have any other questions or concerns, feel free to post down below, thank you for your time and have a lovely evening.