GeorgiaC
QuickBooks Team

Employees and Payroll

Hi Sheish, 

 

Yes you'll be able to use a journal entry to record the furlough money depositing into the bank account and respective chart of account which you're using to track this.

 

You can then record paying this to the directors using an expense transaction, selecting the bank account under the payment account and the chart of account under 'category'.

 

Get back to us below if you have any Q's :)