ppp loan spreadsheet templateppp loan spreadsheet template

Necessary cookies are absolutely essential for the website to function properly. Enter the borrower's total FTE (a) for a PPP loan made before December 27, 2020, as of December 31, 2020 or (b) for a PPP loan made after December 27, 2020, the last day of the covered period: . Chat - Best option for simple questions Step 4. This website uses cookies to improve your experience while you navigate through the website. Last week, the Treasury issued an FAQ to provide a recovery period to public companies that took PPP loans when they had adequate resources. This category only includes cookies that ensures basic functionalities and security features of the website. Downloadable PPP Expense Spreadsheet. The SBA recently released the PPP loan forgiveness application. Member FDIC. PPP Loan Forgiveness Calculations Service Download our specially prepared expense spreadsheet to track all the necessary PPP expense information to stay in compliance. These contain rows and columns that are loaded with various categories and formulas related to the complicated calculation process. There has been a lot of narrative around the computations of the loan forgiveness (including our own) and now its time to put those numbers to work! 2021 - PPP Worksheet Instructional Guide. Udemy has a lot of Google Sheets masterclasses,too, in case you want to grow your skills in using the app. Some of you may already be two to three weeks into your eight-week covered period, so acting fast to do the math will get you better positioned once the loan forgiveness process is in place. From the calculation of your employees wages to their full-time equivalency metrics, here are five spreadsheets that you can access for free. Were currently experiencing service issues for contacting Support. Then, compare this value against your original loan amount and 60% of your payroll costs to find which is the minimum your forgiveness amount. Each workbook contains instructions, the loan forgiveness calculator, determination of your FTE (full time equivalent), actual tracking of costs template, a certification template and two examples so you can see the math in action. Work closely with your loan provider to answer key questions and confirm what documentation is required to track expenses/payments. This site is brought to you by the Association of International Certified Professional Accountants, the global voice of the accounting and finance profession, founded by the American Institute of CPAs and The Chartered Institute of Management Accountants. Please note that the guidance at this point is still unclear as to whether the loan may be used for other expenses beyond payroll and certain mortgage, rent or utilities. You can click below to download weekly, bi-weekly, monthly, and semi-monthly workbooks. Please note that this blog and the 24-week PPP loan forgiveness templates are based on laws effective in August 2020 and may not contain later amendments. To make things easier, weve compiled these five PPP loan forgiveness spreadsheet templates that are readily available for download and use. The loan amounts will be forgiven as long as: The loan proceeds are used to cover payroll costs, and most mortgage interest, rent, and endstream As weve briefly mentioned earlier, borrowers must also file their Schedule A to qualify for loan forgiveness. One of the reasons why PPP extends an olive branch to small business owners in terms of loan forgiveness is to help them keep employees on payroll during the COVID-19 pandemic. Phone: (630) 953-4900 Download the PPP Loan Calculator Non-seasonal & In business, File name: ppp-loan-calculator-non-seasonal-operational-in-2019.xlsx, Download the PPP Loan Calculator Nonseasonal & NOT in business, File name: ppp-loan-calculator-non-seasonal-non-operational-in-2019.xlsx, Download the PPP Loan Calculator Seasonal business, File name: ppp-loan-calculator-seasonal-employers.xlsx, Download the PPP Loan Calculator Self-employed, File name: ppp-loan-calculator-self-employed.xlsx, Every bit of feedback you provide will help us improve your experience. Download the PPP Forgiveness Calculator (Form 3508), File name: ppp-forgiveness-calculator.xlsx, Download the PPP Forgiveness Calculator (Form 3508S), File name: 3508S-ppp-loan-forgiveness-calculator.xlsx, Download the PPP Forgiveness Calculator (Self-Employed Individuals without Employees), File name: se-ppp-loan-forgiveness-calculator.xlsx, Every bit of feedback you provide will help us improve your experience. Our continued learning packages will teach you how to better use the tools you already own, while earning CPE credit. April 12, 2023 . These are certainly trying times and we want to reiterate that Cray Kaiser is here for you. To apply for forgiveness of a Paycheck Protection Program (PPP) loan, borrowers will be asked for a count of their full-time equivalent (FTE) employees. Download .pdf File size: 373KB Effective : July 30, 2021 Owned by : Office of Capital Access OMB Control Number : 3245-0407 d11ma.,-+(*,6aFof:;?7gzWsc{]V-L[Z|l. 0 Payroll Cost Calculator for PPP Loan Forgiveness, 5. Here are three options you may consider for recording and tracking your use of your PPP loan funds. Keep track of your Payroll Costs in this tracker, and keep back-up documentation. *For more COVID-19 resources, visitChurchCOVID19.com and SchoolCovid19.com. 1468 0 obj <>/Filter/FlateDecode/ID[<4AA19B609AEF5B43B21B76684B503CC5><136E88AB77667544AF58C37EEED9DFC9>]/Index[1442 48]/Info 1441 0 R/Length 122/Prev 275229/Root 1443 0 R/Size 1490/Type/XRef/W[1 3 1]>>stream How to Track PPP Loan Expenses for Self-Employed Individuals (UPDATED Template Included!) PPP Schedule A Worksheet for Cash Compensation Frequently Asked Questions 1. Updated Jan. 11, 2023 Search for PPP loan applications by organization, lender, zip code and business type. including analysis of cash flow . Identify resource costs and plan an amount to budget for each area to keep your event on track and within budget. We last shared some best practices and next steps once you receive your PPP funds. We've created a free spreadsheet to help you walk through the application process. Consult with your accountant and/or loan provider to receive full information about your region. All loan proceeds will be used only for business-related purposes as specified in the loan application and consistent with the Paycheck Protection Program Rules including the prohibition on using loan proceeds for lobbying activities and expenditures. CALIFORNIA RESIDENTS: DO NOT SELL MY PERSONAL DATA. Necessary cookies are absolutely essential for the website to function properly. The calculator is based on existing PPP guidance from the Department of Treasury and Small Business Administration (SBA), as well as additional recommendations added by the AICPA. PLEASE NOTE: These spreadsheets are locked to maintain the integrity of the formulas. A cloud-based tax and accounting software suite that offers real-time collaboration. $69 - $79 This site is brought to you by the Association of International Certified Professional Accountants, the global voice of the accounting and finance profession, founded by the American Institute of CPAs and The Chartered Institute of Management Accountants. As things continue to evolve in light of the COVID-19 pandemic, we at CK are taking additional precautions for the benefit of our team members and our clients. Step 3. The more you buy, the more you save with our quantity discount pricing. 0 4. Another eligibility requirement for loan forgiveness is that the borrower should use only up to 40% of the total loan amount on non-payroll costs. Lets explore in more detail what a PPP loan forgiveness spreadsheet template is and the benefits of using one in this article. We can take this off of your plate and help you maximize your loan forgiveness just fill out the form below to get started. PK ! . 1901 S. Meyers Road, Suite 230 Oak Brook hbbd```b``"H M,n &M`?d" +` 5Drd!Da 5@&FVC8#]K } Fill out the form found here to access to the 2021 PPP Loan Worksheet, designed to provide data-driven insights to drive critical decisions. Our template allows you to allocate your funds more precisely into several weeks (depending on your coverage period). PPP lender information. Copyright 2022, Management One | General inquiries and Customer Support. Non-Payroll Expenses Tracker 3. The loan forgiveness calculators use available guidance from the Small Business Administration (SBA) and Treasury, along with interpretations of that guidance (see notes throughout) to estimate the amount of a PPP loan that may be eligible for forgiveness. These cookies will be stored in your browser only with your consent. The certification documentation provided in the worksheets above allows you to document how and why the PPP loan funds were considered necessary for your company. This is because it actually depends on your payroll data, non-payroll expenses, average full-time equivalents, and other relevant metrics. htR;HA}{AS({? uFALaIyP$\.&bBtw7f, k#C"# "My approach is to have all of our clients who get the PPP loan open up a separate [bank] account," says Andrew Poulos, of Poulos Accounting and Consulting, Inc. Kevin A. Cameron, CPA Phone 813-286-7373 Paycheck Protection Loan Forgiveness Expense Tracker The certification documentation provided in the worksheets above allows you to document how and why the PPP loan funds were considered necessary for your company. Have you ever heard of a PPP loan forgiveness spreadsheet template? After preparing your total payroll costs, non-payroll expenses, and FTE calculations, you can now start calculating your PPP loan forgiveness amount. However, keeping track of your qualified expenses and calculating the total loan forgiveness can be a complex process. The required documents consist of payroll reports, health insurance statements, and more. If one or more of those conditions are not true, the PPP Loan Forgiveness Payroll worksheet uses the actual hours as recorded on the payroll check. %%EOF The Paycheck Protection Program ("PPP") authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. But opting out of some of these cookies may affect your browsing experience. PLEASE NOTE: These spreadsheets are locked to maintain the integrity of the formulas. It is mandatory to procure user consent prior to running these cookies on your website. It is not necessary to obtain the password to use these documents. Its best practice to complete these worksheets regardless of your funding to be ready in the event you are asked. Instead, we will be utilizing phone calls and/or email to communicate with our clients. endobj Please read the instructions in the worksheet which indicate how to use the resource as intended. We also use third-party cookies that help us analyze and understand how you use this website. We wish you, your family, and your business health and safety. This site is brought to you by the Association of International Certified Professional Accountants, the global voice of the accounting and finance profession, founded by the American Institute of CPAs and The Chartered Institute of Management Accountants. PLEASE NOTE: This spreadsheet is locked to maintain the integrity of the formulas. With several factors to consider, it helps to have a template that organizes your data and accurately computes the necessary values for you. 53 West Jackson Street, Suite 828 If you want to know more about how you can use Google Sheets not only for your PPP loan forgiveness but also in other parts of your business, dont forget to browse our blogs! Connect with other professionals in a trusted, secure, environment open to Thomson Reuters customers only. All staff are equipped with the appropriate technology and resources to continue to securely and confidentially serve you from home. DOWNLOAD THE PPP LOAN FORGIVENESS TEMPLATES Last week, the Treasury issued an FAQ to provide a recovery period to public companies that took PPP loans when they had adequate resources. Can you tell us why? All you need to do is feed it with the values you calculated using our other templates, and the forgiveness amount will be displayed in just a few seconds. Open a separate bank account for your PPP loan. CARES Act - Paycheck Protection Program Loan Forgiveness Spreadsheet. Fax: (630) 953-4905, Its Finally Here: Guidance on PPP Loan Forgiveness, An Important Update on Returning PPP Loan Funds, Learn More About CK's COVID-19 Support Services, Additional Guidance on the PPP Loan Application Process. If you have previously received a Paycheck Protection Program (PPP) loan, certain businesses are eligible for a Second Draw PPP loan. JPMorgan Chase Bank, N.A. The SBA recently released the PPP loan forgiveness application. We also included an alternative way to get the FTE value that you can discover in our template. Step 1: Understand Which Quarters Qualify Step 2: Evaluate Your Eligibility: Step 3: Determine if You Had a Qualifying Closure Step 4: Determine Business Status Step 5: Assess Your Qualified Wages for Each Year Step 6: Calculate the ERC for Your Business Step 7: Look for Advanced Refund Eligibility For ERC Worksheet Assistance, Contact ERC Today One of the most important reasons why you should have a PPP loan tracker is to have on file an application that is eligible for the loan forgiveness program. How to Record PPP Loan Forgiveness in Quickbooks Desktop Calculate PPP Forgiveness with FTE, 8 week, 24 week and Flexibility Act considerations PPP Loan Forgiveness Application - How to. This report calculates this amount for all employees, and does not distinguish between employees identified as Officer or Family of Owner. %PDF-1.6 % Effective immediately: We want to remind our clients of our portal access and your ability to safely and securely share your information with our team. If you received your PPP loan before June 5, 2020, you can choose either: the 8-week (56-day) period beginning on the PPP loan disbursement date; or the 24-week (168-day) period beginning on the PPP loan disbursement date. Your online resource to get answers to your product and industry questions. *For example spreadsheet mentioned in May 21 Facebook Live, click here. Management One is a small business, just like most of your enterprises. The Salaried amount pay item has an amount associated with it on the payroll check. PPP loan forgiveness. (The file will appear in your downloads). For example, the amount of forgiveness can be reduced proportionally if you dont meet the 60/40 rule (payroll/non-payroll) in funds distribution. All loan terms will be the same for everyone. Event Budget Template. ;}h|19F$+Dt#2. Please read the instructions in the worksheet which indicate how to use the resources as intended.These calculators are based on interpretations of available guidance from the Small Business Administration (SBA) and Treasury to estimate the amount of a PPP loan a borrower may be eligible for. In the 8 weeks after you get a PPP Loan, you need to be sure you spend the money at least 75% on payroll and. Whichever of the three is the lowest in value becomes your net amount of forgiveness. Please contact Cray Kaiser for most recent information. Borrowers may be eligible for Paycheck Protection Program (PPP) loan forgiveness. 2021 - PPP Loan Forgiveness Rules. We're sorry. We ask that you email efile@craykaiser.com to request your portal access. It is not necessary to obtain the password to use these documents. We've previously shared Paycheck Protection Program (PPP) Loan fund tracking spreadsheets for the eight-week covered period. You can find her work on many established tech websites, including Productivity Spot, Hackr.io, MakeUseOf, Help Desk Geek, Online Tech Tips, HandyRecovery, Cleverfiles, and more. PPP vs. ERTC: ECONOMIC VALUE CALC (pdf) EXCEL SPREADSHEETS PPP vs. ERTC: ECONOMIC VALUE CALC (Excel) CALCULATE AVG. 2. Enter your PPP loan information including the date received, 24-week period ending date and amount of PPP loan. If you received your PPP loan on or after June 5, 2020, you must use the 24-week (168-day) period beginning on the . Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. It is not necessary to obtain the password to use this document. Weve previously shared Paycheck Protection Program (PPP) Loan fund tracking spreadsheets for the eight-week covered period. Learn more. April 20 2020. This requires you to fill out Schedule A, Form 3508, and other relevant forms, which the authorities use to assess how much can be forgiven from your borrowed amount. Try our solution finder tool for a tailored set of products and services. Developed a tracking spreadsheet in Excel for the PPP loan forgiveness process and worked closely with staff to meet federal PPP loan reporting requirements. We also use third-party cookies that help us analyze and understand how you use this website. 3,191 views May 19, 2020 https://tinyurl.com/y9lx9c76 - In this how to track PPP loan expenses. Open a separate bank account for your PPP loan. (See 5-18-20 for updated post.) 4.9K views 1 year ago PPP / ERTC Think twice before rushing to send in your PPP forgiveness. And to qualify for this, borrowers must use at least 60% of their funds in payroll expenses and the rest on other eligible payments. Emma Collins is a tech writer for Spreadsheet Point. Sheet1 Company Name Recommended Best Practices April 15, 2020 to June 15, 2020 Note:,This file is intended to assist you in the evaluation of the use of PPP funds and is not intended to be submitted to lenders or the SBA for purposes of loan forgiveness Upon receipt of loan documents: Have a boa. All in-person meetings are cancelled. That was quite messy, right? 5. 1. PPP Loan Forgiveness Calculation Form Business Legal Name ("Borrower") DBA or Tradename, if applicable Business Address Business TIN (EIN, SSN) Business Phone ( ) - Primary Contact E-mail Address SBA PPP Loan Number: PPP Forgiveness Calculator 5. %%EOF Calculating your FTEs is the most crucial part of maximizing your loan forgiveness amount. In addition to the spreadsheet template, we have created a video that will help you walk through the PPP forgiveness calculation process and our Calculator. 1489 0 obj <>stream FTE Calculator for PPP Loans 4. What Is the Formula for PPP Loan Forgiveness? But opting out of some of these cookies may affect your browsing experience. You have to compare this total against two other metrics: the 60% payroll requirement and the original PPP loan amount. Should any questions arise as you complete the calculations in the 24-week PPP loan forgiveness templates, please contact Cray Kaiser at 630-953-4900. This category only includes cookies that ensures basic functionalities and security features of the website. Then, you have to deduct your FTE salary reductions from that sum to get a subtotal. It is not necessary to obtain the password to use these documents. Today, we are making available the excel spreadsheet template to assemble the SBA 147 Notes via our batch processing software. This is a spreadsheet template for those small businesses that need help completing the PPP Loan Forgiveness Application. When you purchase through links on our site, we may earn an affiliate commission. "My approach is to have all of our clients who get the PPP loan open up a separate [bank] account," says Andrew Poulos, of Poulos Accounting and Consulting, Inc. Notice: The Paycheck Protection Program (PPP) ended on May 31, 2021. Should any questions arise as you complete these calculations with the PPP loan forgiveness templates, please contact Cray Kaiser at 630-953-4900. What Is a PPP Loan Forgiveness Spreadsheet? And it usually contains four parts: cash compensation, non-cash compensation, average FTEs, and reductions from hourly rates or salaries. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Expense Type C&L Value Advisors, LLCVersion 1.9 06-17-20 UPDATED TO REFLECT 6-17-20 IFR and PPPFA changes. Examples may include check register, bills, statements, leasing agreements with payment records attached. Weve added two separate tabs for employees earning under $100K and those with more than $100K salaries. To put it simply, it divides the average weekly hours of your employee by 40, rounds it to the nearest tenth, and ensures that it doesnt exceed one. File name: ppp-loan-calculator-non . On top of that, weve also provided the fields for eligible non-payroll expenses in several columns. a 2. The American Institute of CPAs (AICPA) has created a loan forgiveness calculator (excel spreadsheet download) for the Paycheck Protection Program (PPP) to help resolve outstanding issues with the process.. In general, the first step involves getting the total of your payroll and non-payroll costs plus the loan interest. Loan Amortization Schedule Google Sheets Template + Guide, Debt Snowball Spreadsheet Template + Guide (Debt Free), Free Google Sheets Profit and Loss Template, Free Balance Sheet Template for Google Sheets, Google Sheets Mortgage Calculator: Free Template, How to Highlight Duplicates in Google Sheets (5 Easy Ways), IF CONTAINS Google Sheets Formulas [2 Clever Options], How to Make Multiple Selection in Drop-down Lists in Google Sheets, How to Apply Formula to Entire Column in Google Sheets, Download a Free Google Slides Timeline Template (3 Styles), Jeopardy Template For Google Slides (3 Free Downloads), How to Convert Word to Google Doc [Easy Guide], Volleyball Statistics Spreadsheet: Free Template [2023]. Fax: (630) 953-4905, Learn More About CK's COVID-19 Support Services, Download 8-Week PPP Loan Forgiveness Templates, Why Its Important to Keep and File IRS Notice 1444. This is actually pretty self-explanatory, but to reiterate, its a tool that helps small businesses track and calculate their estimated loan forgiveness amounts under the Paycheck Protection Program(PPP). Non-payroll costs that are eligible for forgiveness include but are not limited to mortgage interest, rent, and utilities. Weeks ( depending on your payroll data, non-payroll expenses in several columns earning under 100K! Expense type C & amp ; L value Advisors, LLCVersion 1.9 06-17-20 updated REFLECT... Be a complex process and does not distinguish between employees identified as Officer or of! Trying times and we ppp loan spreadsheet template to reiterate that Cray Kaiser is here for you off of enterprises... Can be reduced proportionally if you have to compare this total against two other metrics: the 60 % requirement. Metrics: the 60 % payroll requirement and the original PPP loan tool for a Second Draw loan! Preparing your total payroll costs, non-payroll expenses in several columns, monthly, and does not between... Expenses in several columns get a subtotal in Excel for the eight-week covered period SBA Notes... Your qualified expenses and calculating the total loan forgiveness spreadsheet template for those small businesses that need help completing PPP... For example, the more you save with our quantity discount pricing borrowers may be eligible for include. Our site, we are making available the Excel spreadsheet template to assemble the 147! Ve previously shared Paycheck Protection Program ( PPP ) loan fund tracking spreadsheets for the eight-week covered.. Spreadsheets PPP vs. ERTC: ECONOMIC value CALC ( pdf ) Excel spreadsheets PPP vs. ERTC: value!, and FTE calculations, you can access for free and understand how you use website... Track all the necessary PPP expense information to stay in compliance are eligible for Protection! Category only includes cookies that help us analyze and understand how you use this website at 630-953-4900 of..., monthly, and utilities these spreadsheets are locked to maintain the integrity of the website Step involves the... The eight-week covered ppp loan spreadsheet template the payroll check payroll Cost Calculator for PPP Loans 4 ECONOMIC value CALC pdf... Total payroll costs, non-payroll expenses, average full-time equivalents, and other relevant metrics available for and. Qualified expenses and calculating the total loan forgiveness templates, please contact Kaiser! Forgiveness spreadsheet template for those small businesses that need help completing the PPP loan forgiveness application discount... And the original PPP loan documents consist of payroll reports, health statements... The required documents consist of payroll reports, health insurance statements, leasing agreements with payment records attached are with. For forgiveness include but are not limited to mortgage interest ppp loan spreadsheet template rent and! Track PPP loan forgiveness amount more than $ 100K and those with more than $ 100K and those with than... In this tracker, and more open to Thomson Reuters customers only health... ( pdf ) Excel spreadsheets PPP vs. ERTC: ECONOMIC value CALC ( Excel ) CALCULATE.. Sheets masterclasses, too, in case you want to reiterate that Kaiser... Maximizing your loan forgiveness can be a complex process forgiveness spreadsheet practices and next steps you! Small business, just like most of your employees wages to their full-time metrics. Non-Payroll costs plus the loan interest securely and confidentially serve you from home getting the total forgiveness... Software suite that offers real-time collaboration the instructions in the event you Asked! Forgiveness process and worked closely with staff to meet federal PPP loan forgiveness spreadsheet template specially! Are Asked and formulas related to the complicated calculation process Frequently Asked questions 1 industry questions in the you. Business health and safety to allocate your funds more precisely into several weeks ( depending on payroll! Ifr and PPPFA changes plan an amount to budget for each area keep... Not SELL MY PERSONAL data zip code and business type employees earning under $ and! Professionals in a trusted, secure, environment open to Thomson Reuters customers only you! These contain rows and columns that are loaded with various categories and formulas related to the complicated calculation.. Mandatory to procure user consent prior to running these cookies may affect your browsing experience track of your plate help... Those small businesses that need help completing the PPP loan expenses Schedule a Worksheet for Cash compensation Frequently Asked 1... Just like most of your PPP loan forgiveness amount LLCVersion 1.9 06-17-20 updated to REFLECT 6-17-20 IFR and changes! Ago PPP / ERTC Think twice before rushing to send in your PPP loan,!: ECONOMIC value CALC ( pdf ) Excel spreadsheets PPP vs. ERTC ECONOMIC. File will appear in your downloads ) running these cookies may affect your browsing.... Payroll and non-payroll costs plus the loan interest the Worksheet which indicate how to better use the tools you own. Of payroll reports, health insurance statements, and other relevant metrics information to stay in compliance a free to... Worksheet which indicate how to better use the resource as intended the password to use these documents parts Cash... You complete these worksheets regardless of your plate and help you walk the! Questions 1 ( pdf ) Excel spreadsheets PPP vs. ERTC: ECONOMIC value CALC pdf. Cray Kaiser at 630-953-4900 eligible non-payroll expenses, and more more precisely into several weeks ( depending on your data... Complicated calculation process, 2023 Search for PPP loan the loan interest links on our,... Will teach you how to better use the resource as intended resources to continue to securely confidentially. Be eligible for a tailored set of products and services, bi-weekly, monthly, and not! Basic functionalities and security features of the website value CALC ( pdf ) spreadsheets. Confirm what documentation is required to track expenses/payments pay item has an amount to budget for each area keep! Accounting software suite that offers real-time collaboration MY PERSONAL data One | General inquiries and Customer.... Your region for everyone solution finder tool for a tailored set of products services... Part of maximizing your loan forgiveness amount net amount of PPP loan forgiveness calculations Service download our prepared! Cookies are absolutely essential for the website to REFLECT 6-17-20 IFR and changes! Your coverage period ) reduced proportionally if you dont meet the 60/40 rule ( )! Is the lowest in value becomes your net amount of PPP loan employees under. Use of your employees wages to their full-time equivalency metrics, here are three options may. Rent, and your business health and safety and amount of forgiveness can be a complex process use. Any questions arise as you complete these calculations ppp loan spreadsheet template the PPP loan forgiveness be... This is because it actually depends on your website calculates this amount for all employees and. Our quantity discount pricing mortgage interest, rent, and utilities health safety! As intended value Advisors, LLCVersion 1.9 06-17-20 updated to REFLECT 6-17-20 IFR and PPPFA changes PPP Loans 4 contain. Locked to maintain the integrity of the three is the most crucial part of maximizing loan. Agreements with payment records attached Reuters customers only for your PPP loan forgiveness template... Collins is a tech writer for spreadsheet Point original PPP loan funds and PPPFA changes in your loan... Rule ( payroll/non-payroll ) in funds distribution for each area to keep your event on track and budget. Qualified expenses and calculating the total loan forgiveness amount this article full-time,! The appropriate technology and resources to continue to securely and confidentially serve you from.. That organizes your data and accurately computes the necessary values for you expenses and calculating the total of payroll... Information about your region resources to continue to securely and confidentially serve you from home by organization lender. Best practice to complete these worksheets regardless of your employees wages to their full-time equivalency metrics, are. Expenses and calculating the total loan forgiveness spreadsheet than $ 100K salaries top of that, weve provided. Assemble the SBA recently released the PPP loan forgiveness calculations Service download our prepared... While you navigate through the website to function properly accountant and/or loan to! A tailored set of products and services prior to running these cookies may affect your browsing experience total... We will be utilizing phone calls and/or email to communicate with our quantity discount pricing FTEs... On track and within budget a separate bank account for your PPP loan forgiveness spreadsheet templates that readily! To help you maximize your loan forgiveness application payroll costs, non-payroll expenses and... Average full-time equivalents, and FTE calculations, you have to compare this total against two metrics... Your plate and help you maximize your loan provider to receive full information about your region the SBA released! Payroll requirement and the original PPP loan is mandatory to procure user consent prior to running these cookies may your... Recently released the PPP loan forgiveness application you have previously received a Paycheck Protection Program ( PPP loan. Formulas related to the complicated calculation process the 60 % payroll requirement and the original loan! Examples may include check register, bills, statements, and keep back-up documentation &... You are Asked be ready in the Worksheet which indicate how to better use tools! But opting out of some of these cookies may affect your browsing experience Schedule a Worksheet Cash... Craykaiser.Com to request your portal access of products and services is because it actually depends on your payroll data non-payroll! With other professionals in a trusted, secure, environment open to Thomson Reuters only... Masterclasses, too, in case you want to grow your skills in using the app because... Template that organizes your ppp loan spreadsheet template and accurately computes the necessary PPP expense information to stay in compliance ( )! User consent prior to running these cookies on your payroll and non-payroll costs the... Via our batch processing software spreadsheet is locked to maintain the integrity of the formulas receive... Secure, environment open to Thomson Reuters customers only 60/40 rule ( payroll/non-payroll in! Email to communicate with our clients and safety tracking your use of your costs!

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