This is how I did it...
1. Create a fictitious bank account called PPP Dummy Bank with an opening balance of the 1st PPP loan amount.
2. Create a PPP Loan account (Long-Term Liability).
3. Transfer funds from PPP Loan to my actual bank account on the disbursement date.
4. Transfer funds from PPP Dummy Bank to PPP Loan account on the forgiveness date.
5. For 2nd PPP disbursement just increase the Opening Balance of PPP Dummy Bank and perform the same two funds transfers.
Please let me know if this is wrong. I think it works.
