This does seem like a good way to do it. But it will increase your equity. I guess that's right, but I wonder if it comes out correctly if/when you sell your bu...
This is so not true on many levels. The Consolidated Appropriations Act 2021, signed into law on December 27th extends the PPP program beyond December 31 and yo...
Update: We did exactly what I said for the EIDL. We created an "Other Expenses" account called Negative Expenses and deposited the grant into it (as a negative ...
While this approach will provide the right answer in terms of taxable income in the P&L, it will not provide the easiest method to use that P&L to fill in the S...
I have read this discussion so far and I think I want to take a different tack, although I have not tried it in QBO yet. I also am getting a small EIDL grant. T...
