How to record PPP loan forgiveness in QuickBooks Online

If you are a small business owner who has taken out a Paycheck Protection Program (PPP) loan, you may be wondering how to record the loan forgiveness in QuickBooks. This is important to know because QuickBooks is a popular accounting software used by many small businesses, and it is important to accurately record the loan forgiveness in order to ensure that your financial records are up to date and accurate.