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Level 3
July 7, 2021
Question

How do I enter a loan from a director in Pro connect this is for 501C3 form 990

  • July 7, 2021
  • 1 reply
  • 10 views

How do i and a loan of 24k from a director.

a ppp loan that is not yet forgiven?

Not sure how to make the balance sheet come out correct. 

This topic has been closed for replies.

1 reply

sjrcpa
Level 15
July 7, 2021

They are both liabilities.

Ideally, you start with a trial balance.

The more I know the more I don’t know.
mbuchineAuthor
Level 3
July 7, 2021

What i need is specific information on how to enter in Pro Connect.

It is more a problem with how to fill out a 990 in Pro Connect and not the accounting aspect. 

Can you help?

qbteachmt
Level 15
July 7, 2021