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...
I have been following this thread and I disagree with how you folks are accounting for a credit card cash-back reward. If this is based on spending (as opposed ...
