Skip to main content
A
AnglinConsulting
April 27, 2020
Question

How do I record payments made on my behalf?

  • April 27, 2020
  • 1 reply
  • 0 views

As a result of the Cares ACT, the SBA will be making payments (Principal & Interest) on our SBA Loan for 6 months.  We are not required  to reimburse the SBA.  How do I record those payments?  I'm using QB Desktop Pro and have the loans managed in Loan Manager.

1 reply

Angelyn_T
Angelyn_T
April 27, 2020

Hi, @AnglinConsulting.

 

You can manually track the transactions in QuickBooks Desktop Pro. For you to record and account for the transactions accordingly, I suggest working with a professional accountant.

 

Also, check out this article for additional reference about tracking loans in QuickBook Loan Manager.

 

Post again if you have any other questions. I'm always here to help. Have a good day!

Terms & ConditionsAccessibility statement