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January 12, 2023
Question

Entering a federal loan

  • January 12, 2023
  • 1 reply
  • 0 views

I received 2 interest free federal loans during the covid bs. Can someone help me with how to enter it and also input the payments towards them?

1 reply

January 12, 2023

Hi gremoo,

 

Welcome to the Community. It's essential to correctly record your interest free federal loan to keep your books up to date. QuickBooks Desktop is a flexible program that simplifies the way you manage your books. I'd be glad to point you in the right direction to record your federal loan.

 

I encourage you to consult an accountant for the best course of action. They'll be able to point you in the right direction to record your federal loan to keep your books balanced.  If you don't have an accountant, we can help you locate a ProAdvisor in your local area.

Let me know if you have any questions, I'll be happy to help.