How to Record Partial PPP Loan Forgiveness in Quickbooks

How to record partial PPP loan forgiveness in Quickbooks walks you through how to record partial forgiveness of your PPP loan. Many businesses who received a PPP loan ended up not having all of it forgiven. When this happens, you still owe some of your PPP loan back to the bank. And the bank also accrued interest that you owe.

This video walks you through how to record this partial PPP loan forgiveness, and also shows you how to record the interest expense. So, in the end, you show the forgiven portion as nontaxable income and the unforgiven portion as a loan. You also record the interest expense.

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Видео How to Record Partial PPP Loan Forgiveness in Quickbooks канала The Quickbooks University