Get 50% OFF QuickBooks for 3 months*

Buy now
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Work smarter and get more done with advanced tools that save you time. Discover QuickBooks Online Advanced.

Reply to message

View discussion in a popup

Replying to:
virtualofficeventures
Level 1

Reply to message

So...the sub-account (bank) for the PPP Funding receipt makes sense; however, what offset account do I use in the journal entry to wipe out the debt on the Loan account; the debt was officially forgiven (on paper) March 2021 and received May 2020.  Equity Draw? or Equity Contribution?

Need to get in touch?

Contact us