Question

How do I categorize the CEBA loan?

Forum|Forum|6 years ago
May 5, 2020
2 replies
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Original commenter did not share additional details

QuickBooks Online

Hi there,

Making sure you're recording your CEBA loan the right way is a good exercise for preventing errors in your books.

I recommend contacting an accounting professional to get more info on this. If you're not in contact with one, I encourage you to search for one on our website using this link here. Doing this will help prevent any future discrepancies. Before doing that, I also advise checking out this helpful article which shows you how to set up a loan in QuickBooks:

Set up a loan in QuickBooks Online

Let me know if you have other questions. I'm here to help.

A

aversely

Good luck? How about some effort from QuickBooks - maybe similar to this from Wave?

https://support.waveapps.com/hc/en-us/articles/360042243392--Canada-COVID-19-How-to-bookkeep-your-CEBA-loan

L

LauraAB

Hello again aversely,

I can see that this is an important matter to you, and it makes sense considering the need to account for these kinds of loans in your books. I've responded to your comment on the other thread, How to handle Canada Emergency Business Account "CEBA" in Quickbooks Desktop edition? I invite you to head over there to read through what I've shared.

Since that other thread was for QuickBooks Desktop and this one is for QuickBooks Online, I want to make sure you have the steps to submit feedback if you'd like. Here's how to do it for QuickBooks Online: How do I submit feedback? We also have a page for QuickBooks Online where you can see new updates and features: QuickBooks Online Feature & Product Updates

Wishing you the best.