Hello Reece, Thanks for getting in contact with the Community, we'd be happy to help with the categorisation. How have you categorised the loan in Quickbooks? Is it a liability that you're decreasing as you make installments?
Hi, when you would have received the BBL into your account, on QBO it should have been deposited to Other loans under Current Liabilities. When repayments are made to this Bounce Back Loan, it will be catergorised to the same code - Other loans under current liabilities. This will then reduce the amount of loan owed.
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