How to enter the CEBA Loan?

Hello accounts100,

It's great to hear that you were able to receive the Canada Emergency Business Account loan during these uncertain times. I hope it's helped you maintain or get your business back in gear. I know how important it is to record this kind of loan in QuickBooks Online, and I'm here to help.

There isn't a specific formula for recording the CEBA loan in QuickBooks, so I recommend checking in with an accountant to see if there's anything special you'll need to account for when entering transactions for it and getting it set up. It may be as simple as following the steps in the article Set up a loan in QuickBooks Online and treating it as a normal loan, but I want to make absolutely sure you have the information you need.

When it comes to working with an accountant in QuickBooks Online, it's easy. The My Accountant tab facilitates adding someone you're already working with as an accountant user or you can use the Find a pro to help button to find someone near you. Having an accountant user on your side gives them the access and tools they need to help you manage your books.

I hope that helps!