FFCRA and CARES Acts including the PPP

I'm here to help you with recording the forgiven PPP loan proceeds, Egirardello.

First, you'll have to create an account to track the loan proceeds. Here's how:

1. Click Accounting.
2. Go to the Chart of Accounts tab, then click New.
3. Under Account Type, select Other Income.
4. Under Detail Type, select Other Miscellaneous Income.
5. Enter the desired name in the Name field.
6. Click Save and Close.

Then, you'll have to record a bank deposit using the account created to record the PPP loan proceeds. 

If there's anything else that you need, don't hesitate to let us know. We're just one comment away. Take care!