how to record funds received and used from the cares act

Hello, Mattiek. Thanks for reaching out to the Community. I understand there's a lot of information going around, which can be confusing, but you can be certain that you've came to the right place to figure this out.
 

Our engineers are currently working on an update for QuickBooks Desktop so that you can properly record funds you received from the CARES Act. We'll have this public as soon as possible for you. I thank you for your patience during these trying times.
 

You can keep an eye on our CARES Act 2020 section of the Community, where any updates relating to this will be posted. There's also an article we've published on How the stimulus package benefits small and self-employed businesses, which you might find useful.
 

If you have any questions, you can reach out to me here. Enjoy the rest of your day!