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alchemyhairstudi
Level 1

How do you enter/categorize emergency injury disaster loan?

 
2 Comments 2
Nick_M
QuickBooks Team

How do you enter/categorize emergency injury disaster loan?

Hi, alchemyhairstudi.

 

Thanks for bringing your questions to the QuickBooks Community. If you're looking track your new loan you received follow these steps below. 

 

  1. Turn on Class tracking
  2. Set up a Liability
  3. Record the receipt of the loan in your Bank Register 

If you aren't positive on how to do that, don't worry, I'm attaching a very helpful and insightful step-by-step instructional video. While the Video pertains to the PPP it would work exactly the same for the EIDL. 

 

- How to track your EIDL loan

 

If you have any other questions, feel free to reply below. 

 

Thank you for your time and have a nice afternoon. 

1percent
Level 1

How do you enter/categorize emergency injury disaster loan?

When setting these up, do I also include Loan interest expenses?  I don't know if these should also be paid and tracked with a secure disaster loan from SBA.

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