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September 2, 2021
Question

How do I record a loan from the small business administration?

  • September 2, 2021
  • 1 reply
  • 2 views
which category does it fall under?

1 reply

Rustler
Level 15
September 2, 2021

In the chart of accounts, create a liability account , name it

enter a deposit for the amount borrowed and use that loan liability account as the source account for the deposit