Do you know if there are instructions on how to record this and the PPP loan in Quickbooks Desktop. The only detailed instructions I can find are for QBO. For instance in Desktop there is no drop down for Detail Type and there is no place to enter the loan amount when creating the new item. This amount does populate when I go into my checking account register and change the From Account in the deposit to the new Liability Account I created for the loan. Also I don't understand the purpose of the JE. Can you explain that?
