QB Issue Resolution:
If he received 75K as deferred income, then he took a deposit or retainer, enter that transaction.
If he received 75K in cash, deposit that amount in a bank account and use a liability account you create for the loan as the source account for the deposit
Resolution for Issue 'My boss wants me to setup a grant for $75,000 booked as Deferred Revenue and to create an entry on the liability side as a Grant Liability? How can I do this in QB?' available: Yes (Solved).
Source: Intuit Community forum.
My boss wants me to setup a grant for $75,000 booked as Deferred Revenue and to create an entry on the liability side as a Grant Liability? How can I do this in QB?: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.Support for Deposit
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