Where and how do I enter the CERB loan into QuickBooks?

Hello mitchellevs,

This is a great question. There have been many government issued options for business owners in the wake of the global pandemic, and since these are circumstances that are out of the ordinary, it can be a bit tricky to figure out how to record them in your books. I'll point you in the right direction.

QuickBooks Online doesn't have a specific step-by-step plan for entering the Canada Emergency Response Benefit loan into the program. For that reason, I recommend touching base with an accountant or bookkeeping professional to find the most accurate way to do this. It may be as simple as entering it and tracking it like you would another loan in the program, but it's best to be sure in these situations.

With the My Accountant tab in your books, you can take advantage of connecting with an accountant in two ways: you can invite an accountant you're working with to your books as a user or you can use the Find a pro to help button to search for QuickBooks-certified accountants near you. Check it out!

To learn how to record a loan in QuickBooks Online, review the following article: Set up a loan in QuickBooks Online

I hope this has helped!