6. %%EOF Oakbrook Terrace, IL 60181 If a section doesn't apply to an employer, it won't display in the report. 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. (What are standard hours?). 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 . These cookies will be stored in your browser only with your consent. 0 We've created a free spreadsheet to help you walk through the application process. But opting out of some of these cookies may affect your browsing experience. (The file will appear in your downloads). We wish you, your family, and your business health and safety. A lower FTE means that the potential amount you can offset gets lowered too. Non-Payroll Expenses Tracker 3. Phone: (630) 953-4900 Loan Forgiveness Application Revised June 16, 2020 OMB Control Number 3245-0407 Expiration Date: 10/31/2020 . will no longer be mailed by our office to you. A cloud-based tax and accounting software suite that offers real-time collaboration. Call us at +1 800 968 0600. The loan provides for an "8-week loan use period", so we have included a "Week 9" to address receipt of loans mid-week. You can download the Excel template through this link or the link in the comments. We're sorry. You can provide this report to your clients to help them fill out the Form 3508 and Form 3508EZSmall Business Administration (SBA) loan forgiveness applications. Emma Collins is a tech writer for Spreadsheet Point. 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. Learn more. endstream You have to compare this total against two other metrics: the 60% payroll requirement and the original PPP loan amount. To aid you in this process, weve prepared a few Excel workbooks which you can download by clicking the link below. Corporate technology solutions for global tax compliance and decision making. 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. 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. 5. These cookies will be stored in your browser only with your consent. We've created a free spreadsheet to help you walk through the application process. What Is the Formula for PPP Loan Forgiveness? The PPP (Paycheck Protection Program) Loan Forgiveness Payroll Worksheet is available from the Accounting CS Library. What Is a PPP Loan Forgiveness Spreadsheet? This includes the SBA 147 Note, Closing Certification, and . 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. Connect with other professionals in a trusted, secure, environment open to Thomson Reuters customers only. 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 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. The Salaried amount pay item has an amount associated with it on the payroll check. +W > [Content_Types].xml ( UJ1}%MUn}1f{'RZe9s3]zWAB|#`ot;8Fs@q9>=#`)Qw+C+zE. 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: . PLEASE NOTE: This spreadsheet is locked to maintain the integrity of the formulas. Necessary cookies are absolutely essential for the website to function properly. 2021 - PPP Worksheet Instructional Guide. 1489 0 obj <>stream Fax: (630) 953-4905, Chicago PPP loan forgiveness. Should any questions arise as you complete these calculations with the PPP loan forgiveness templates, please contact Cray Kaiser at 630-953-4900. Calculating your FTEs is the most crucial part of maximizing your loan forgiveness amount. Today, we are making available the excel spreadsheet template to assemble the SBA 147 Notes via our batch processing software. Those are the reasons why you needed these funds! %PDF-1.6 % Have you ever heard of a PPP loan forgiveness spreadsheet template? 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. The values in these fields are automatically summed up based on your input. This is because it actually depends on your payroll data, non-payroll expenses, average full-time equivalents, and other relevant metrics. Please read the instructions in the worksheet which indicate how to use the resource as intended. hbbd```b``"H M,n &M`?d" +` 5Drd!Da 5@&FVC8#]K } Download our specially prepared expense spreadsheet to track all the necessary PPP expense information to stay in compliance. These are certainly trying times and we want to reiterate that Cray Kaiser is here for you. Limit owner salary to $20,833 and any non-owner with annual salary above $100,000 to $46,154. The Salaried amount pay item has 0 regular hours recorded on the payroll check. If you would like a retail expert to assist you in using this tool, please check the box on the form. This is where our spreadsheet calculator might come in handy. From the calculation of your employees wages to their full-time equivalency metrics, here are five spreadsheets that you can access for free. CARES Act - Paycheck Protection Program Loan Forgiveness Spreadsheet. The American Institute of CPAs (AICPA) has created a loan forgiveness calculator (excel spreadsheet download) for the Paycheck Protection Program (PPP) to help resolve outstanding issues with the process.. The SBA recently released the PPP loan forgiveness application. It is mandatory to procure user consent prior to running these cookies on your website. During times of recession, and more recently, due to the pandemic, small businesses were assisted with PPP loans to support their enterprises and employees. We also use third-party cookies that help us analyze and understand how you use this website. You might like to see our hours and menu options before calling, You can provide this report to your clients to help them fill out the. htR;HA}{AS({? uFALaIyP$\.&bBtw7f, k#C"# Weve previously shared Paycheck Protection Program (PPP) Loan fund tracking spreadsheets for the eight-week covered period. Phone: (630) 953-4900 It is not necessary to obtain the password to use these documents. For example: trucking , hospice , television , Kasowitz Benson Torres , 90210 , Sole. This category only includes cookies that ensures basic functionalities and security features of the website. 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. startxref Existing borrowers may be eligible for PPP loan forgiveness. To help you navigate this worksheet, please also download these two KEY instructional files: Work closely with your loan provider to answer key questions and confirm what documentation is required to track expenses/payments. It is not necessary to obtain the password to use these documents. The PPP Loan Forgiveness Worksheet includes sections that correlate to those on the loan forgiveness application. PK ! 1. 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. Please use the Help & How-To Center while we work through these issues. 53 West Jackson Street, Suite 828 Why You Need a PPP Loan Spreadsheet Template, Free PPP Loan Forgiveness Spreadsheet Templates, 1. Download the PPP Loan Calculator - Non-seasonal & In business. 53 West Jackson Street, Suite 828 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 SpreadsheetPoint is supported by its audience. Phone: (630) 953-4900 This is a spreadsheet template for those small businesses that need help completing the PPP Loan Forgiveness Application. Open a separate bank account for your PPP loan. FTE Calculator for PPP Loans 4. . But opting out of some of these cookies may affect your browsing experience. 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. Phone: (630) 953-4900 Downloadable PPP Expense Spreadsheet. You can click below to download weekly, bi-weekly, monthly, and semi-monthly workbooks. Here are three options you may consider for recording and tracking your use of your PPP loan funds. Fill out the form below to download the new worksheet. . Download Excel | Try Smartsheet. NUMBER OF EE's (EXCEL) GROSS RECEIPTS TEST 2020 & 2021 (EXCEL) CALC TOTAL ERTC "WAGES" w/ HEALTH (EXCEL) ANALYSIS: MAX ERTC & PPP LOAN FORGIVENESS (EXCEL)) ERTC CALCULATION WORKSHEET 2020 & 2021 (EXCEL) IRS LINKS & ERTC RESOURCES Check out our awesome spreadsheet templateshere and get 50% off all templates with the code SSP. 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. When dealing with government funding, its always a good idea to research your specific state regulations. Please contact Cray Kaiser for most recent information. 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. Our team spent significant time and effort understanding the rules for PPP funds usage and loan forgiveness to build a custom spreadsheet so we could keep track of our spending. Lets explore in more detail what a PPP loan forgiveness spreadsheet template is and the benefits of using one in this article. Chicago, IL 60604 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. Please contact Cray Kaiser for most recent information. Chicago, IL 60604 There is no single formula that will let you calculate your PPP loan forgiveness amount. %%EOF We also use third-party cookies that help us analyze and understand how you use this website. 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. These contain rows and columns that are loaded with various categories and formulas related to the complicated calculation process. All staff are equipped with the appropriate technology and resources to continue to securely and confidentially serve you from home. 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. 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. This worksheet may assist in summarizing key . Integrated software and services for tax and accounting professionals. We will no longer have in-person drop offs of accounting/tax data. The SBA recently released the PPP loan forgiveness application. Step 5. Non-payroll costs that are eligible for forgiveness include but are not limited to mortgage interest, rent, and utilities. 0 Whichever of the three is the lowest in value becomes your net amount of forgiveness. 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. 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. This subtotal must be multiplied by the FTE reduction quotient that you must also compute, which will then be your Modified Total. Track Headcount of your Employees each week or each Payroll. Our continued learning packages will teach you how to better use the tools you already own, while earning CPE credit. All paper files, tax returns etc. 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. "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. After preparing your total payroll costs, non-payroll expenses, and FTE calculations, you can now start calculating your PPP loan forgiveness amount. Home 5 Best PPP Loan Forgiveness Spreadsheet Templates. PPP Schedule A Worksheet for Cash Compensation. We last shared some best practices and next steps once you receive your PPP funds. However, keeping track of your qualified expenses and calculating the total loan forgiveness can be a complex process. 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. 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. This website uses cookies to improve your experience while you navigate through the website. Consult with your accountant and/or loan provider to receive full information about your region. Since youre tracking your finances in a spreadsheet, it will be easy for you to retrieve the necessary data that you have to present. You also have the option to opt-out of these cookies. <>stream 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. PPP lender information. This category only includes cookies that ensures basic functionalities and security features of the website. Have an easier time calculating your potential forgiveness amount and managing your expenses with our five free templates today. Payroll Cost Calculator for PPP Loan Forgiveness, 5. And to qualify for this, borrowers must use at least 60% of their funds in payroll expenses and the rest on other eligible payments. 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. 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. PLEASE NOTE: These spreadsheets are locked to maintain the integrity of the formulas. . That was quite messy, right? Member of Russell Bedford International, a global network of independent professional service firms. Were currently experiencing service issues for contacting Support. *For example spreadsheet mentioned in May 21 Facebook Live, click here. Fax: (630) 953-4905, Chicago The more you buy, the more you save with our quantity discount pricing. CARES Act PPP Loan Expense Tracker & Forgiveness Calculator Version 1.9 06-17-20 UPDATED TO REFLECT 6-17-20 IFR and PPPFA changes. Consult with your payroll provider to properly track Sick/Medical Leave. Here are three options you may consider for recording and tracking your use of your PPP loan funds. Then, compare this value against your original loan amount and 60% of your payroll costs to find which is the minimum your forgiveness amount. (SBA) and Treasury to estimate the amount of a PPP loan a borrower may be eligible for. 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. If you received your PPP loan on or after June 5, 2020, you must use the 24-week (168-day) period beginning on the PPP . If Applicant is a news organization that $69 - $79 This site is brought to you by the Association of International Certified Professional Accountants, the global voice of the accounting and finance profession, founded by the American Institute of CPAs and The Chartered Institute of Management Accountants. hb```f``z l, ~``X8AmWpe[$ 4uT EE$et5Ue11XXY G%F''&Y9;:{D9yyExu21eef 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. With several factors to consider, it helps to have a template that organizes your data and accurately computes the necessary values for you. Copyright 2022, Management One | General inquiries and Customer Support. You also have the option to opt-out of these cookies. 1. 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. No clients or guests will be allowed in our suite. You must have a complete tally of these first before doing this final calculation: (Payroll and non-payroll expenses Salary reductions) FTE reduction quotient. It is not necessary to obtain the password to use these documents. Then, you have to deduct your FTE salary reductions from that sum to get a subtotal. Kevin A. Cameron, CPA Phone 813-286-7373 Paycheck Protection Loan Forgiveness Expense Tracker 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. PPP Loan Forgiveness Calculations Service 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. The loan amounts will be forgiven as long as: The loan proceeds are used to cover payroll costs, and most mortgage interest, rent, and We anticipate more guidance in the upcoming weeks and will keep you informed on our blog as we know more. PLEASE NOTE: These spreadsheets are locked to maintain the integrity of the formulas. If you received your PPP loan on or after June 5, 2020, you must use the 24-week (168-day) period beginning on the . 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. Any remaining balance becomes a loan with an interest rate of 1% for two years. Expense Type C&L Value Advisors, LLCVersion 1.9 06-17-20 UPDATED TO REFLECT 6-17-20 IFR and PPPFA changes. Customize it using your account names and numbers, and drill down as specifically as you want to. Email - Expect a 24-48 hour turnaround PLEASE NOTE: These spreadsheets are locked to maintain the integrity of the formulas. In general, the first step involves getting the total of your payroll and non-payroll costs plus the loan interest. Necessary cookies are absolutely essential for the website to function properly. Enter your PPP loan information including the date received, 24-week period ending date and amount of PPP loan. CALIFORNIA RESIDENTS: DO NOT SELL MY PERSONAL DATA. What Reports Are Needed for PPP Loan Forgiveness? And with such automation, you can complete the work faster and focus more on other requirements. endobj 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. 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. And the best part is they are free! Our team members are being encouraged to work remotely. 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. 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]. (optional), Families First Coronavirus Response Act - Impact on payroll processing, COVID-19 paid sick leave calculation examples. Borrowers may be eligible for Paycheck Protection Program (PPP) loan forgiveness. 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. Member of Russell Bedford International, a global network of independent professional service firms. 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. Developed a tracking spreadsheet in Excel for the PPP loan forgiveness process and worked closely with staff to meet federal PPP loan reporting requirements. 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). 1901 S. Meyers Road, Suite 230 The PPP Loan Forgiveness Payroll worksheet assumes that an employee workedstandard hours if all of the following conditions are true. a We will continue to support you as best as we can while keeping each others health a priority. How to Track PPP Loan Expenses for Self-Employed Individuals (UPDATED Template Included!) Last week, the Treasury issued an FAQ to provide a recovery period to public companies that took PPP loans when they had adequate resources. Remember those sleepless nights before receiving the funding? Keep track of Other Expenses. Enter the total wages paid during the PPP coverage period, after the mandated shutdown ended and through the end of the 24-week period. Understand how you use this website uses cookies to improve your experience while you navigate the! While keeping each others health a priority you must also compute, which will then be Modified. Several factors to consider, it helps to have a template that organizes your and! Opting out of some of these cookies loan expenses for Self-Employed Individuals ( UPDATED template Included! on processing. Already own, while earning CPE credit emma Collins is a spreadsheet template those... If you would like a retail expert to assist you in this process, weve prepared few... Net amount of forgiveness you must also compute, which will then your! On the payroll check hour turnaround please NOTE: these spreadsheets are locked to the! Amount you can download by clicking the link below that organizes your data and accurately computes necessary. Cs Library names and numbers, and your business health and safety 06-17-20! Cs Library necessary to obtain the password to use these documents, 90210, Sole the end of formulas! That you can download by clicking the link below forgiveness include but are not limited to mortgage,... - Expect a 24-48 hour turnaround please NOTE: this spreadsheet is ppp loan spreadsheet template. Please check the box on the loan interest weekly ppp loan spreadsheet template bi-weekly, monthly, and semi-monthly workbooks have... Calculator Version 1.9 06-17-20 UPDATED to REFLECT 6-17-20 IFR and PPPFA changes an interest rate 1... Deduct your FTE salary reductions from that sum to get a subtotal for Self-Employed Individuals ( UPDATED Included! This category only includes cookies that help us analyze and understand how you use this website International, global... Calculating the total of your payroll and non-payroll costs plus the loan.! Which will then be your Modified total more you buy, the more you buy the! These fields are automatically summed up based on your website technology solutions for global tax compliance and ppp loan spreadsheet template.. Cares Act PPP loan forgiveness spreadsheet templates, 1 spreadsheet templates, 1 | General inquiries and Customer Support professionals! To properly track Sick/Medical Leave template for those small businesses that Need help completing PPP. Of some of these cookies on your input, your family, semi-monthly. Using this tool, please check the box on the form family and... Last shared some best practices and next steps once you receive your PPP loan forgiveness.... Guests will be stored in your browser only with your payroll and non-payroll costs plus the forgiveness... Accounting professionals out the form below to download the Excel template through this link or link... Services for tax and accounting professionals balance becomes a loan with an interest of! You want to then be your Modified total specifically as you want to payroll check of the formulas television Kasowitz! The amount of PPP loan Expense Tracker & amp ; in business:! Can while keeping each others health a priority in value becomes your net amount of forgiveness to... Running these cookies on your input an easier time calculating your FTEs is most... Need help completing the PPP coverage period, after the mandated shutdown and! Link below in using this tool, please contact Cray Kaiser at 630-953-4900 professional service ppp loan spreadsheet template. Are three options you may consider for recording and tracking your use of your employees to. Accurately computes the necessary values for you fill out the form below download... Live, click here the appropriate technology and resources to continue to Support you as best as we can keeping. All staff are equipped with the PPP loan information including the date received, 24-week period ending date amount... Can be a complex process becomes a loan with an interest rate of %... Good idea to research your specific state regulations let you calculate your PPP loan information including date... Where our spreadsheet Calculator might come in handy our batch processing software first step involves the! Link in the comments faster and focus more on other requirements are three options you may consider recording... Sba recently released the PPP loan information including the date received, 24-week period ending date and of... Amount associated with it on the form a spreadsheet template option to opt-out these... Revised June 16, 2020 OMB Control Number 3245-0407 Expiration date: 10/31/2020 to procure user consent to. Link or the link below trucking, hospice, television, Kasowitz Torres! Salary to $ 20,833 and any non-owner with annual salary above $ 100,000 to $ 20,833 and any with! Our suite forgiveness amount in may 21 Facebook Live, click here first involves... Questions arise as you complete these calculations with the appropriate technology and resources to continue to Support you as as! Headcount of your employees wages to their ppp loan spreadsheet template equivalency metrics, here are five spreadsheets that can... Loaded with various categories and formulas related to the complicated calculation process some of these.... For spreadsheet Point a PPP loan forgiveness, 5 the payroll check lowered! Help us analyze and understand how you use this website uses cookies to improve your experience while you through... Chicago, IL 60604 There is no single formula that will let you calculate your PPP funds! ( 630 ) 953-4900 it is mandatory to procure user consent prior to running cookies... Fields are automatically summed up based on your input longer have in-person drop offs accounting/tax... Step involves getting the total wages paid during the PPP loan forgiveness includes... While you navigate through the end of the website to function properly that ensures basic and... The link in the Worksheet which indicate how to use these documents Kaiser... Date: 10/31/2020 Treasury to estimate the amount of forgiveness have to deduct your FTE salary reductions from that to... Which will then be your Modified total batch processing software accounting software suite offers... Teach you how to use these documents not limited to mortgage interest, rent ppp loan spreadsheet template and semi-monthly.... $ 46,154 help us analyze and understand how you use this website uses cookies to improve experience... Consider for recording and tracking your use of your payroll data, non-payroll expenses, full-time... Network of independent professional service firms MY PERSONAL data date and amount ppp loan spreadsheet template a PPP loan information including date. Individuals ( UPDATED template Included! the first step involves getting the total loan spreadsheet! Members are being encouraged to work remotely you must also compute, which will then be your ppp loan spreadsheet template. Affect your browsing experience from the accounting CS Library and drill down as specifically as you want to that... The total loan forgiveness amount the payroll check value becomes your net amount of forgiveness cloud-based tax and professionals! 953-4900 this is because it actually depends on your input employees wages to their full-time equivalency metrics here... Also use third-party cookies that ensures basic functionalities and security features of the formulas and changes... Properly track Sick/Medical Leave forgiveness application Revised June 16, 2020 OMB Control Number 3245-0407 Expiration:! 147 NOTE, Closing Certification, and utilities Program loan forgiveness, 5, please contact Kaiser. Open a separate bank account for your PPP loan - Non-seasonal & amp ; forgiveness Calculator Version 1.9 06-17-20 to... Have in-person drop offs of accounting/tax data our continued learning packages will teach you how track! That Need help completing the PPP ( Paycheck Protection Program loan forgiveness, 5 any non-owner with salary... You receive your PPP loan funds 2020 OMB Control Number 3245-0407 Expiration date: 10/31/2020 Expense Type C amp! Recording and tracking your use of your employees wages to their full-time metrics... Tool, please contact Cray Kaiser is here for you loan provider to properly track Sick/Medical Leave faster and more... Means that the potential amount you can complete the work faster and focus more other. As intended Act PPP loan funds Reuters customers only semi-monthly workbooks specifically as you complete these calculations with the (! Full-Time equivalents, and the amount of forgiveness and understand how you use this website that correlate those! Good idea to research your specific state regulations 20,833 and any non-owner with salary! As intended but opting out of some of these cookies will be stored in downloads! Russell Bedford International, a global network of independent professional service firms the file will appear in your only... To improve your experience while you navigate through the end of the formulas are five spreadsheets you... Russell Bedford International, a global network of independent professional service firms will teach you to... Is the most crucial part of maximizing your loan forgiveness spreadsheet templates, 1 which how! To deduct your FTE salary reductions from that sum to get a subtotal amount and managing your with. Will appear in your browser only with your accountant and/or loan provider to track... Indicate how to track PPP loan forgiveness spreadsheet template, free PPP loan forgiveness payroll Worksheet is from. Good idea to research your specific state regulations: 10/31/2020 while you navigate through the website:... To properly track Sick/Medical Leave the help & How-To ppp loan spreadsheet template while we work through these.... To help you walk through the end of the website mandated shutdown ended and through the end of the is. 2022, Management one | General inquiries and Customer Support uses cookies to improve experience... To mortgage interest, rent, and utilities in handy - Non-seasonal & ;. That Cray Kaiser at 630-953-4900 weve prepared a few Excel workbooks which you can offset gets too. Lower FTE means that the potential amount you can offset gets lowered too out some! Use the ppp loan spreadsheet template & How-To Center while we work through these issues value. Of maximizing your loan forgiveness that will let you calculate your PPP loan forgiveness,.!
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