I received an EIDL loan today. I set up new long term liability in my chart of accounts. How do I get this money to show in my checking account.
Hopefully you only set up the loan as a blank account. Next, like any loan proceeds, make a deposit into banking fro the loan. If you set it up with a beginning balance (which is wrong) you would need to either delete and start over or create a deposit to move the beginning balance from equity to banking