How do i record a government loan in quickbooks? paid in due to covid 19

Hello, @faye-hole86. 

The best way to set up a government loan in QuickBooks Online is by a short term liability. Follow the steps below if you're unsure of how to create this short-term liability in your account. 

1. Go to the Accounting tab. 
2. Select the Charts of Accounts portion. 
3. Click the New green bubble button on the right-hand side of the screen. 
4. Pick Long Term Liabilities from the Account drop-down arrow. Note: If you plan to pay off the loan by the end of the current fiscal year, pick Other Current Liabilities instead.
5. In the Detail Type drop-down arrow, choose Notes Payable. 
6. Give the account a name. 
7. You can select when you want to start tracking the money from the drop-down arrow. 
8. Enter the rest of the required information. 
9. Once you're ready, tap Save and Close. 

Here are a few articles that can provide some further information on this matter: 

• Set up a loan in QuickBooks Online

• How to record PPP loan forgiveness

I'm only a post away if you need me. I want to make sure you're able to get back to running your business as soon as possible. Have a great day!