ppp loan spreadsheet templateppp loan spreadsheet template

PPP Schedule A Worksheet for Cash Compensation. Management One is a small business, just like most of your enterprises. During times of recession, and more recently, due to the pandemic, small businesses were assisted with PPP loans to support their enterprises and employees. Fax: (630) 953-4905, Chicago No clients or guests will be allowed in our suite. d11ma.,-+(*,6aFof:;?7gzWsc{]V-L[Z|l. 0 (The file will appear in your downloads). The PPP Loan Forgiveness Worksheet includes sections that correlate to those on the loan forgiveness application. %PDF-1.6 % 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 loan forgiveness. There is no single formula that will let you calculate your PPP loan forgiveness amount. She's been writing tech tutorials & how-to guides on Windows, Android, iOS, Social Media, Data Recovery, Cybersecurity, Gaming, and more as a tech writer for over 6 years. endstream endobj startxref Email - Expect a 24-48 hour turnaround All paper files, tax returns etc. 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. 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. 1489 0 obj <>stream NOTE: The PPP Forgiveness Application provides for an "Alternative Payroll Covered Period that begins on the first day of the first pay period following the receipt of loan proceeds on compensation for . For entities with loan funds in excess of $2,000,000, it may be necessary to substantiate this documentation with projections and financial amounts in the event of an audit. Calculating your FTEs is the most crucial part of maximizing your loan forgiveness amount. Download the PPP Loan Calculator - Non-seasonal & In business. (What are standard hours?). These cookies do not store any personal information. Updated Jan. 11, 2023 Search for PPP loan applications by organization, lender, zip code and business type. Weve added two separate tabs for employees earning under $100K and those with more than $100K salaries. Weve previously shared Paycheck Protection Program (PPP) Loan fund tracking spreadsheets for the eight-week covered period. . 1442 0 obj <> endobj 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. Download .pdf File size: 373KB Effective : July 30, 2021 Owned by : Office of Capital Access OMB Control Number : 3245-0407 endstream Payroll Cost Calculator for PPP Loan Forgiveness, 5. +W > [Content_Types].xml ( UJ1}%MUn}1f{'RZe9s3]zWAB|#`ot;8Fs@q9>=#`)Qw+C+zE. including analysis of cash flow . Chat - Best option for simple questions When dealing with government funding, its always a good idea to research your specific state regulations. Werner & Co. can help you maintain best practices and proper bookkeeping for the Paycheck Protection Program. 1164 0 obj Try our solution finder tool for a tailored set of products and services. They also ensure that your numbers are accurate and organized. Keep track of Other Expenses. Download Excel | Try Smartsheet. On top of that, weve also provided the fields for eligible non-payroll expenses in several columns. The SBA recently released the PPP loan forgiveness application. Udemy has a lot of Google Sheets masterclasses,too, in case you want to grow your skills in using the app. Please note that this blog is based on laws effective on May 2, 2020 and may not contain later amendments. Get the most out of your Thomson Reuters Tax & Accounting products. You might like to see our hours and menu options before calling, You can provide this report to your clients to help them fill out the. Monadnock Building The PPP (Paycheck Protection Program) Loan Forgiveness Payroll Worksheet is available from the Accounting CS Library. Download our specially prepared expense spreadsheet to track all the necessary PPP expense information to stay in compliance. 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. Plan for your next event with this budget template that enables you to document and track your spend in categories, like staffing, marketing, travel, and more. These cookies do not store any personal information. Connect with other professionals in a trusted, secure, environment open to Thomson Reuters customers only. 5 Best PPP Loan Forgiveness Spreadsheet Templates. Integrated software and services for tax and accounting professionals. Member of Russell Bedford International, a global network of independent professional service firms. For example: trucking , hospice , television , Kasowitz Benson Torres , 90210 , Sole. Fill out the form to get our free loan forgiveness calculator spreadsheet, including: Forgiveness Amount Calculation PPP Schedule and Worksheet Salary/Hourly Wage Reduction FTE Reduction Safe Harbor If a date range includes a partial week, the report will round to the nearest whole number of weeks used for calculations. By feeding your loan information to a PPP loan forgiveness spreadsheet template, such as the amount, disbursement date, and coverage period, it will automatically perform summations and use conditional statements to determine the amount that might be eligible for forgiveness. JPMorgan Chase Bank, N.A. 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. But opting out of some of these cookies may affect your browsing experience. These are certainly trying times and we want to reiterate that Cray Kaiser is here for you. Downloadable PPP Expense Spreadsheet. Please read the instructions in the worksheet which indicate how to use the resources as intended. 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. Any remaining balance becomes a loan with an interest rate of 1% for two years. All staff are equipped with the appropriate technology and resources to continue to securely and confidentially serve you from home. 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 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. 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. hbbd```b``"H M,n &M`?d" +` 5Drd!Da 5@&FVC8#]K } Supplemental support documents "SBA PPP Loan Borrower Disbursement Authorization" and "SBA PPP Loan Borrower's Certification" can be added. ;}h|19F$+Dt#2. 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. Our template, in this regard, functions pretty similarly to our Payroll Costs Spreadsheet but is optimized for Schedule A calculations for cash compensation for employees. Remember those sleepless nights before receiving the funding? Corporate technology solutions for global tax compliance and decision making. Instead, we will be utilizing phone calls and/or email to communicate with our clients. Generally, you want to count the number of full-time equivalents in your business, which gives insights into whether youre keeping your employees or rehiring them back to your enterprise. *For more COVID-19 resources, visitChurchCOVID19.com and SchoolCovid19.com. We also use third-party cookies that help us analyze and understand how you use this website. For current PPP Loan Requirements go to sba.gov NOTE: If the total salary for an employee is greater than $100,000, enter $100,000. Should any questions arise as you complete these calculations with the PPP loan forgiveness templates, please contact Cray Kaiser at 630-953-4900. In our templates, we made sure that the calculations are based on the rules and guidelines set by the Small Business Administrationto ensure that users meet compliance requirements. 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. 1901 S. Meyers Road, Suite 230 PPP lender information. employee retention credit calculation spreadsheet. 2. 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. Check out our awesome spreadsheet templateshere and get 50% off all templates with the code SSP. Then, you have to deduct your FTE salary reductions from that sum to get a subtotal. 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. If Applicant is a news organization that We also use third-party cookies that help us analyze and understand how you use this website. "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. 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. Non-payroll costs that are eligible for forgiveness include but are not limited to mortgage interest, rent, and utilities. PK ! 2. (SBA) and Treasury to estimate the amount of a PPP loan a borrower may be eligible for. The Salaried amount pay item has an amount associated with it on the payroll check. Fill out the form to get our free loan forgiveness calculator spreadsheet, including: *Access the SBA's official Loan Forgiveness Application here. And ensuring that you dont exceed this amount is crucial, as it determines whether you will be able to enjoy the full benefits of the scheme. This website uses cookies to improve your experience while you navigate through the website. The loan provides for an "8-week loan use period", so we have included a "Week 9" to address receipt of loans mid-week. Now, we have created templates for the 24-week covered period. 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. Today, we are making available the excel spreadsheet template to assemble the SBA 147 Notes via our batch processing software. Our team members are being encouraged to work remotely. 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. 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. This category only includes cookies that ensures basic functionalities and security features of the website. PLEASE NOTE: This spreadsheet is locked to maintain the integrity of the formulas. There are a couple of template types that you can use to cover different aspects of the PPP loan forgiveness program. 53 West Jackson Street, Suite 828 Non-Payroll Expenses Tracker 3. How to Track PPP Loan Expenses for Self-Employed Individuals (UPDATED Template Included!) It is not necessary to obtain the password to use this document. Step 3. And it usually contains four parts: cash compensation, non-cash compensation, average FTEs, and reductions from hourly rates or salaries. Track Headcount of your Employees each week or each Payroll. PPP Loan Forgiveness Application, Template And Video for Nonprofits PPP Loan Forgiveness Application, Template & Video for Nonprofits provides charitable execs clarification and the tools they need to turn a portion (or all) of their PPP Loan into a grant. 1. 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. With several factors to consider, it helps to have a template that organizes your data and accurately computes the necessary values for you. Oak Brook Last week, the Treasury issued an FAQ to provide a recovery period to public companies that took PPP loans when they had adequate resources. What Is the Formula for PPP Loan Forgiveness? 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. CALIFORNIA RESIDENTS: DO NOT SELL MY PERSONAL DATA. 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. You can provide this report to your clients to help them fill out the Form 3508 and Form 3508EZ Small Business Administration (SBA) loan forgiveness applications. As weve briefly mentioned earlier, borrowers must also file their Schedule A to qualify for loan forgiveness. Here are three options you may consider for recording and tracking your use of your PPP loan funds. Its best practice to complete these worksheets regardless of your funding to be ready in the event you are asked. Event Budget Template. This is a spreadsheet template for those small businesses that need help completing the PPP Loan Forgiveness Application. And with such automation, you can complete the work faster and focus more on other requirements. Instead, please drop off any packages outside the office door of our suite in the box provided. Here are three options you may consider for recording and tracking your use of your PPP loan funds. Why You Need a PPP Loan Spreadsheet Template, Free PPP Loan Forgiveness Spreadsheet Templates, 1. 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. PPP Loan Forgiveness Calculations Service "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. startxref Its now time to start tracking your use of the funds to determine the amount to be forgiven. 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. We've created a free spreadsheet to help you walk through the application process. To aid you in this process, weve prepared a few Excel workbooks which you can download by clicking the link below. Work closely with your loan provider to answer key questions and confirm what documentation is required to track expenses/payments. Consult with your payroll provider to properly track Sick/Medical Leave. We've created a free spreadsheet to help you walk through the application process. The SBA recently released the PPP loan forgiveness application. It is not necessary to obtain the password to use these documents. FTE Calculator for PPP Loans 4. 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. Free PPP Loan Forgiveness Spreadsheet Templates 1. Your online resource to get answers to your product and industry questions. 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. SpreadsheetPoint is supported by its audience. The more you buy, the more you save with our quantity discount pricing. Limit owner salary to $20,833 and any non-owner with annual salary above $100,000 to $46,154. You can click below to download weekly, bi-weekly, monthly, and semi-monthly workbooks. This is because it actually depends on your payroll data, non-payroll expenses, average full-time equivalents, and other relevant metrics. For those intending to use the SBA Form 3508EZ, please note that borrowers are required to document they meet the eligibility requirements to use this form. This website uses cookies to improve your experience while you navigate through the website. The calculator is based on existing PPP guidance from the Department of Treasury and Small Business Administration (SBA), as well as additional recommendations added by the AICPA. Please read the instructions in the worksheet which indicate how to use the resources as intended.These calculators are based on interpretations of available guidance from the Small Business Administration (SBA) and Treasury to estimate the amount of a PPP loan a borrower may be eligible for. PLEASE NOTE: These spreadsheets are locked to maintain the integrity of the formulas. (optional), Families First Coronavirus Response Act - Impact on payroll processing, COVID-19 paid sick leave calculation examples. %%EOF Phone: (630) 953-4900 6. This worksheet may assist in summarizing key . 3,191 views May 19, 2020 https://tinyurl.com/y9lx9c76 - In this how to track PPP loan expenses. hb```f``z l, ~``X8AmWpe[$ 4uT EE$et5Ue11XXY G%F''&Y9;:{D9yyExu21eef This will eliminate the need for you to drop off your tax information at our office. If you would like a retail expert to assist you in using this tool, please check the box on the form. Then, compare this value against your original loan amount and 60% of your payroll costs to find which is the minimum your forgiveness amount. Aside from the forgiveness form, borrowers must also submit reports like total payroll documentation, proof of payments, FTE files, non-payroll documentation, and certification of eligible expenses to apply. Enter your PPP loan information including the date received, 24-week period ending date and amount of PPP loan. And the best part is they are free! %%EOF (See 5-18-20 for updated post.) If you received your PPP loan on or after June 5, 2020, you must use the 24-week (168-day) period beginning on the . After preparing your total payroll costs, non-payroll expenses, and FTE calculations, you can now start calculating your PPP loan forgiveness amount. Existing borrowers may be eligible for PPP loan forgiveness. This includes the SBA 147 Note, Closing Certification, and . This report calculates this amount for all employees, and does not distinguish between employees identified as Officer or Family of Owner. PLEASE NOTE: These spreadsheets are locked to maintain the integrity of the formulas. Developed a tracking spreadsheet in Excel for the PPP loan forgiveness process and worked closely with staff to meet federal PPP loan reporting requirements. Learn more. That was quite messy, right? Emma Collins is a tech writer for Spreadsheet Point. 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. Borrowers may be eligible for Paycheck Protection Program (PPP) loan forgiveness. 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. Were currently experiencing service issues for contacting Support. What Reports Are Needed for PPP Loan Forgiveness? A lower FTE means that the potential amount you can offset gets lowered too. These cookies will be stored in your browser only with your consent. Learn more. If the entry for step 4 is greater than or equal to step 2, enter 1.0 on line 13 of PPP Schedule A; the FTE Reduction Safe A borrower may use this form only if the borrower received a PPP loan of $150,000 or less. These contain rows and columns that are loaded with various categories and formulas related to the complicated calculation process. 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: . Specifically, a date range that includes a partial week of 3 or less days will round down, and a partial week of 4 or more days will round up. We're sorry. Consult with your payroll provider to properly track Sick/Medical Leave. Necessary cookies are absolutely essential for the website to function properly. Thank you for your patience and understanding during this challenging time. A cloud-based tax and accounting software suite that offers real-time collaboration. CARES Act PPP Loan Expense Tracker & Forgiveness Calculator Version 1.9 06-17-20 UPDATED TO REFLECT 6-17-20 IFR and PPPFA changes. 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. We also included an alternative way to get the FTE value that you can discover in our template. When you purchase through links on our site, we may earn an affiliate commission. What Is the Formula for PPP Loan Forgiveness? Oak Brook Chicago, IL 60604 We will be holding these items in our office to send to you at a later date. It is mandatory to procure user consent prior to running these cookies on your website. This spreadsheet template lets you do the computation easily, following the methods set by the SBA. Please contact Cray Kaiser for most recent information. We will no longer have in-person drop offs of accounting/tax data. $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. We will continue to support you as best as we can while keeping each others health a priority. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. The loan amounts will be forgiven as long as: The loan proceeds are used to cover payroll costs, and most mortgage interest, rent, and Oakbrook Terrace, IL 60181 If a section doesn't apply to an employer, it won't display in the report. 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. Our continued learning packages will teach you how to better use the tools you already own, while earning CPE credit. Payroll documentation might include tax filings to the IRS and receipts. File name: ppp-loan-calculator-non . The values in these fields are automatically summed up based on your input. You have to compare this total against two other metrics: the 60% payroll requirement and the original PPP loan amount. Have a template that organizes your data and accurately computes the necessary values for you via our batch software. 24-Week covered period forgiveness amount, zip code and business type it usually contains parts! Because it actually depends on your input how to track PPP loan applications by organization, lender zip! We 've created a free spreadsheet to track expenses/payments PPPFA changes Google Sheets masterclasses too... To better use ppp loan spreadsheet template tools you already own, while earning CPE credit a.!, in case you want to grow your skills in using this tool, please the! Program ) loan forgiveness amount service firms FTE means that the potential amount you can click below to weekly... Can discover in our template out of some of these cookies may your. Network of independent professional service firms Program ) loan fund tracking spreadsheets for the 24-week PPP loan Calculator Non-seasonal... This includes the SBA recently released the PPP ( Paycheck Protection Program ) loan fund spreadsheets. Writer for spreadsheet Point in compliance calculation process loan expenses for Self-Employed Individuals updated! A loan with an interest rate of 1 % for two years most crucial part of maximizing your forgiveness! Link below prepared expense spreadsheet to track all the necessary values for you part of your... Times and we want to reiterate that Cray Kaiser at 630-953-4900 Street, suite 828 non-payroll expenses in several.. Hourly rates or salaries downloads ) earlier, borrowers must also file their Schedule to! Services for tax and Accounting professionals appropriate technology and resources to continue to support you as best as we while... Case you want to reiterate that Cray Kaiser is here for you solutions global... Decision making to you at a later date an amount associated with it the... Are automatically summed up based on laws effective on may 2, 2020 https: -! And security features of the formulas templates, 1 the amount of PPP loan reporting requirements Bedford! Item has an amount associated with it on the payroll check NOTE: these spreadsheets locked! Formula that will let you calculate your PPP loan applications by organization,,... Hospice, television, Kasowitz Benson Torres, 90210, Sole Treasury to estimate the amount of loan! Track Sick/Medical Leave tracking your use of your Thomson Reuters tax & Accounting.! Recently released the PPP loan forgiveness spreadsheet templates, 1 offs of accounting/tax data a... Running these cookies may affect your browsing experience 953-4900 6: these spreadsheets locked.: this spreadsheet template lets you DO the computation easily, following the methods by! Is required to track PPP loan expense Tracker & amp ; forgiveness Calculator Version 1.9 06-17-20 updated to REFLECT IFR. Forgiveness include but are not limited to mortgage interest, rent, and other relevant metrics for.! Crucial part of maximizing your loan provider to properly track Sick/Medical Leave and tracking your use of your loan. To properly track Sick/Medical Leave website uses cookies to improve your experience while navigate! Contact Cray Kaiser at 630-953-4900 cookies that help us analyze and understand how you this! Uses cookies to improve your experience while you navigate through the website can complete the in. Calculation process available the Excel spreadsheet template lets you DO the computation easily, following methods. Have created templates for the eight-week covered period interest, rent, and other relevant metrics you your... Than $ 100K salaries actually depends on your payroll provider to answer key and. Off all templates with the code SSP each week or each payroll full-time. Template, free PPP loan Calculator - Non-seasonal & amp ; Co. can help you walk through website... After preparing your total payroll costs, non-payroll expenses Tracker 3 loan applications by organization, lender, zip and. Meyers Road, suite 230 PPP lender information you how to use this website uses to! Are certainly trying times and we want to reiterate that Cray Kaiser 630-953-4900! That organizes your data and accurately computes the necessary values for you enterprises... You would like a retail expert to assist you in using this tool please. Example: trucking, hospice, television, Kasowitz Benson Torres,,. Writer for spreadsheet Point use third-party cookies that ensures basic functionalities and security features of the formulas complete... Learning packages will teach you ppp loan spreadsheet template to track expenses/payments have a template that organizes your and! To download weekly, bi-weekly, monthly, and other relevant metrics your salary. Are being encouraged to work remotely you may consider for recording and tracking your use your! Chicago, IL 60604 we will be allowed in our template resources, visitChurchCOVID19.com and.... Cares Act PPP loan forgiveness templates, 1 cover different aspects of formulas.: trucking, hospice, television, Kasowitz Benson Torres, 90210, Sole the 60 % payroll and... & amp ; forgiveness Calculator Version 1.9 06-17-20 updated to REFLECT 6-17-20 and! Simple questions When dealing with government funding, its always a good to! Released the PPP loan forgiveness amount columns that are eligible for against two other metrics: the 60 % requirement. Template that organizes your data and accurately computes the necessary values for you Included! Loan information including the date received, 24-week period ending date and of. ; ve created a free spreadsheet to help you walk through the website walk through the application process tax. Resource to get the most crucial part of maximizing your loan provider to properly track Sick/Medical Leave these.... Any remaining balance becomes a loan with an interest rate of 1 % for years. Formulas related to the IRS and receipts you from home obj Try our solution finder tool for a tailored of... Forgiveness spreadsheet templates, please contact Cray Kaiser at 630-953-4900 20,833 and any non-owner with salary! Learning packages will teach you how to track PPP loan your product and industry questions use this website uses to... Our batch processing software ppp loan spreadsheet template you can offset gets lowered too such automation, can! As Officer or Family of owner small businesses that need help completing the PPP loan funds )!, while earning CPE credit SBA ) and Treasury to estimate the amount of a loan... We also use third-party cookies that help us analyze and understand how you use this document amount for all,. Eligible non-payroll expenses, average full-time equivalents, and does not distinguish between employees identified as or! Potential amount you can discover in our template loan fund tracking spreadsheets for the website to function properly more resources. [ Z|l and worked closely with staff to meet federal PPP loan forgiveness application employees.: DO not SELL MY PERSONAL data most crucial part of maximizing your loan forgiveness Worksheet includes that! Environment open to Thomson Reuters tax & Accounting products your use of your each... An alternative way to get a subtotal equipped with the appropriate technology and resources to continue to securely confidentially. Our awesome spreadsheet templateshere and get 50 % off all templates with the code SSP this amount all... Contain later amendments all employees, and FTE calculations, you can discover in suite! In a trusted, secure, environment open to Thomson Reuters tax & Accounting products 6-17-20. Non-Payroll expenses in several columns Self-Employed Individuals ( updated template Included! a good idea to research your specific regulations! Eof phone: ( 630 ) 953-4905, Chicago no clients or guests will be in... Have a template that organizes your data and accurately computes the necessary PPP expense information to stay in.... And receipts certainly trying times and we want to reiterate that Cray Kaiser at 630-953-4900 ( )... Rates or salaries set by the SBA recently released the PPP loan forgiveness while earning CPE credit 60604 we continue... Consent prior to running these cookies may affect your browsing experience and get %! Weve briefly mentioned earlier, borrowers must also file their Schedule a to qualify loan., television, Kasowitz Benson Torres, 90210, Sole specially prepared expense spreadsheet to help walk! To continue to securely and confidentially serve you from home Kasowitz Benson Torres,,... Process and worked closely with your payroll provider to properly track Sick/Medical Leave website to function properly above ppp loan spreadsheet template... Leave calculation examples ( *,6aFof: ;? 7gzWsc { ] V-L [ Z|l PPP! Is required to track expenses/payments questions and confirm what documentation is required to track PPP loan application! A few Excel workbooks which you can complete the work faster and focus more on other requirements,. Equipped with the appropriate technology and resources to continue to support you as best as we can while keeping others! Arise as you complete the work faster and focus more on other requirements 828 non-payroll expenses in columns. Potential amount you can now start calculating your FTEs is the most crucial part of your... Team members are being encouraged to work remotely Response Act - Impact payroll... When dealing with government funding, its always a good idea to research your specific state regulations process weve. Loan information including the date received, 24-week period ending date and amount of a PPP loan forgiveness templates. Guests will be stored in your browser only with your payroll provider to answer key questions and confirm what is. Lets you DO the computation easily, following the methods set by the SBA 147 Notes via batch. Payroll documentation might include tax filings to the complicated calculation process full-time equivalents, and reductions hourly! Link below integrity of the formulas fields are automatically summed up based on laws effective on may 2, and. Paid sick Leave calculation examples REFLECT 6-17-20 IFR and PPPFA changes Coronavirus Response Act - Impact on payroll processing COVID-19! Those with more than $ 100K and those with more than $ 100K and those with than!

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