How do I categorize EIDL grant on QBSE?

Welcome to the Community, @ant8806.

You can categorize the Economic Injury Disaster Loan (EIDL) as Personal Income in QuickBooks Self-Employed. However, I still recommend seeking help with your accountant for more guidance on tracking loans and grants.

Here's how:

1. Go to the Transactions menu, then click the Add Transaction button.
2. Enter the Loan details.
3. Choose Personal in the Type column.
4. From the Category column, select Income.
5. Click the Save button.

Once you start paying the loan, the payment for the loan capital will be categorized as Business Loans. Then, assigned Schedule C: Interest for the interest paid.

You might also want to check out these articles to learn more about handling taxes and Covid-19 related loans:

• QuickBooks resources and tax info for businesses impacted by the coronavirus (COVID-19).
• Track how you use your Paycheck Protection Program loan.

Please let me know if you need clarification about this, or there's anything else I can do for you. I'll be standing by for your response. Have a great day and stay safe.