In any Quickbooks account, you can go to Settings – Account & Settings. How you track these expenses depend on what level of Quickbooks you have. If you have Plus, you can go to Advanced – Categories, and turn on Track Classes or Track Locations. Next go to Settings – Products & Services – Classes or Locations & add your EIDL & PPP class or location.
Now, when you’re in any expense, you will be able to add the PPP or EIDL class or location.
Next, go to Reports, and run a Profit & Loss by Class or Location. This report can now track which expenses are qualified expenses for PPP or EIDL loans.
