This does not work! Now they my QBO is totally messed up I am spending hours trying to resolve. IF YOU ARE GOING TO GIVE ADVISE UNDERSTAND WHAT YOU ARE GIVING ADVISE ON! THIS IS WRONG. There are about 20 different ways explained here and almost every one has a counter claim as to what is correct. IS THERE A PROPER WAY to record a SBA long term liability loan that is currently being paid for by the SBA? (Not PPP or EIDL) a previous loan, years prior to covid.
