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smithson
Level 1

How do I categorize a business loan received from a local organization (not federal) as a result of COVID-19 in QBSE?

 
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Best answer January 16, 2021

Best Answers
Ryan_M
QuickBooks Team

How do I categorize a business loan received from a local organization (not federal) as a result of COVID-19 in QBSE?

Hi @smithson,

 

I'll share insight on your query about recording a business loan in your QuickBooks Self-Employed (QBSE) company.

 

In QBSE, you have the option to select the Business Loan category. More details on the available categories in QBSE are in this article: Updates to expense categories in QuickBooks Self-Employed

 

Please know that each company has a unique setup, so it's best to consult your bookkeeper or accountant on how to proceed.

 

Leave a message below if you have other concerns in QBSE. I'll get back to you as soon as I can. 

View solution in original post

1 Comment 1
Ryan_M
QuickBooks Team

How do I categorize a business loan received from a local organization (not federal) as a result of COVID-19 in QBSE?

Hi @smithson,

 

I'll share insight on your query about recording a business loan in your QuickBooks Self-Employed (QBSE) company.

 

In QBSE, you have the option to select the Business Loan category. More details on the available categories in QBSE are in this article: Updates to expense categories in QuickBooks Self-Employed

 

Please know that each company has a unique setup, so it's best to consult your bookkeeper or accountant on how to proceed.

 

Leave a message below if you have other concerns in QBSE. I'll get back to you as soon as I can. 

View solution in original post

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