If you've received an EIDL Grant to your business, it's important to record this deposit properly in your QuickBooks Online account. Not sure if you received one? It will likely look like this in your bank feeds:
SBAD TREAS 310 MISC PAY or
CREDIT FOR SBAD TREAS 310 MISC PAY

You'll want to create a new Other Income Account and title it "Nontaxable Income". This is how the deposit should be categorized. 

Here's a quick video on where to go to set that account up. If you have any questions, reach out to your bookkeeper or tax pro.

Did this answer your question?