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FFCRA and CARES Acts including the PPP
I had the same question which was having had the load recorded, how do you record the forgiveness part. Here is a good reply. It is the same as was given a few replies back by a wonderful member of the community, but somehow it was not acknowledged or flagged as the proper answer. Plz see the link below.
https://www.youtube.com/watch?v=2hACIDHQLlc
Now we can all truly have a wonderful day.
In this how to record PPP loan forgiveness in Quickbooks Desktop video I walk through where to put the PPP loan proceeds in your books once you receive notice from the SBA that your PPP loan is forgiven. The stimulus package said that PPP loan proceeds that are forgiven are not taxable and you can