How to record loan forgiveness in QuickBooks Online

If you are a small business owner who has taken out a loan, you may be eligible for loan forgiveness. This means that you may not have to pay back the full amount of the loan. In order to properly record this loan forgiveness in QuickBooks, you need to know the correct steps to take. Knowing how to record loan forgiveness in QuickBooks will help you accurately track your finances and ensure that you are taking advantage of all available loan forgiveness options.