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asunef
Level 1

Recording EIDL SBA Loan in QuickBooks Self-Employed

How do I record an EIDL Loan from SBA in QuickBooks Self-Employed?

It is funded through my business, but it is not a business income. So I don't know.

 

Thanks

2 Comments 2
Rose-A
Moderator

Recording EIDL SBA Loan in QuickBooks Self-Employed

Good day, asunef.

 

 

For now, you can manually record the loan by following the steps below:

 

  1. Go to the Transaction menu and select Add Transaction.
  2. Enter the amount and a description.
  3. Select the Select a category menu. Select the best category to organize your transaction.
  4. If you have a receipt, you can drag and drop it onto the form.
  5. When you’re done, select Save.

 

You can take a look at the following article. This will provide you lists of categories to help guide you in tagging or categorizing your transactions as well as organizing them accurately in QuickBooks: Updates to expense categories in QuickBooks Self-Employed.

 

Additionally, you can visit the following write-up regarding how Schedule C categories show up on your financial reports: Schedule C and expense categories in QuickBooks Self-Employed.

 

Keep in touch if you need any more assistance with this or there's something else I can do for you. I've got your back. Have a good day and keep safe.

Rose-A
Moderator

Recording EIDL SBA Loan in QuickBooks Self-Employed

Hi, asunef.

 

Hope you're doing great. I wanted to see how everything is going about recording EIDL SBA Loan. Was it resolved? Do you need any additional help or clarification? If you do, just let me know. I'd be happy to help you at anytime.

 

Looking forward to your reply. Have a pleasant day ahead!

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