ppp loan spreadsheet template

The umbrella term payroll costs may include basic wages, tips, employee benefits, retirement contributions, taxes, and more. 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. 1164 0 obj You can click below to download weekly, bi-weekly, monthly, and semi-monthly workbooks. Phone: (630) 953-4900 We ask that you email efile@craykaiser.com to request your portal access. 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. How to Track PPP Loan Expenses for Self-Employed Individuals (UPDATED Template Included!) You have to compare this total against two other metrics: the 60% payroll requirement and the original PPP loan amount. 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. CARES Act PPP Loan Expense Tracker & Forgiveness Calculator Version 1.9 06-17-20 UPDATED TO REFLECT 6-17-20 IFR and PPPFA changes. All loan terms will be the same for everyone. 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. 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. The more you buy, the more you save with our quantity discount pricing. This includes the SBA 147 Note, Closing Certification, and . *For spreadsheet instructions, click here. PPP Schedule A Worksheet for Cash Compensation. 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 to qualify for this, borrowers must use at least 60% of their funds in payroll expenses and the rest on other eligible payments. Its best practice to complete these worksheets regardless of your funding to be ready in the event you are asked. 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 Home 5 Best PPP Loan Forgiveness Spreadsheet Templates. It is not necessary to obtain the password to use this document. *For example spreadsheet mentioned in May 21 Facebook Live, click here. will no longer be mailed by our office to you. We will no longer have in-person drop offs of accounting/tax data. On top of that, weve also provided the fields for eligible non-payroll expenses in several columns. Open a separate bank account for your PPP loan. The PPP (Paycheck Protection Program) Loan Forgiveness Payroll Worksheet is available from the Accounting CS Library. These cookies will be stored in your browser only with your consent. Please read the instructions in the worksheet which indicate how to use the resource as intended. Get the most out of your Thomson Reuters Tax & Accounting products. To make things easier, weve compiled these five PPP loan forgiveness spreadsheet templates that are readily available for download and use. These are certainly trying times and we want to reiterate that Cray Kaiser is here for you. This category only includes cookies that ensures basic functionalities and security features of the website. . If Applicant is a news organization that With several factors to consider, it helps to have a template that organizes your data and accurately computes the necessary values for you. Track Headcount of your Employees each week or each Payroll. Oak Brook Consult with your payroll provider to properly track Sick/Medical Leave. 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. All in-person meetings are cancelled. Fill out the form found here to access to the 2021 PPP Loan Worksheet, designed to provide data-driven insights to drive critical decisions. You also have the option to opt-out of these cookies. 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. 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. JPMorgan Chase Bank, N.A. 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. Were currently experiencing service issues for contacting Support. Borrowers may be eligible for Paycheck Protection Program (PPP) loan forgiveness. Oakbrook Terrace, IL 60181 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. 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. Expense Type C&L Value Advisors, LLCVersion 1.9 06-17-20 UPDATED TO REFLECT 6-17-20 IFR and PPPFA changes. You can click below to download weekly, bi-weekly, monthly, and semi-monthly workbooks. Please contact Cray Kaiser for most recent information. $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. 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. However, keeping track of your qualified expenses and calculating the total loan forgiveness can be a complex process. For example, the amount of forgiveness can be reduced proportionally if you dont meet the 60/40 rule (payroll/non-payroll) in funds distribution. These cookies will be stored in your browser only with your consent. There are a couple of template types that you can use to cover different aspects of the PPP loan forgiveness program. Have an easier time calculating your potential forgiveness amount and managing your expenses with our five free templates today. If a section doesn't apply to an employer, it won't display in the report. Oakbrook Terrace, IL 60181 April 20 2020. What Is a PPP Loan Forgiveness Spreadsheet? Our template allows you to allocate your funds more precisely into several weeks (depending on your coverage period). Step 4. Our continued learning packages will teach you how to better use the tools you already own, while earning CPE credit. 2. 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. 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. 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. Emma Collins is a tech writer for Spreadsheet Point. The Salaried amount pay item has an amount associated with it on the payroll check. 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. Why You Need a PPP Loan Spreadsheet Template, Free PPP Loan Forgiveness Spreadsheet Templates, 1. PPP loan forgiveness. . (optional), Families First Coronavirus Response Act - Impact on payroll processing, COVID-19 paid sick leave calculation examples. 4. This worksheet may assist in summarizing key . 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. 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. Keep track of Other Expenses. 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: . Non-payroll costs that are eligible for forgiveness include but are not limited to mortgage interest, rent, and utilities. Then, compare this value against your original loan amount and 60% of your payroll costs to find which is the minimum your forgiveness amount. Please read the instructions in the worksheet which indicate how to use the resources as intended. Payroll Cost Calculator for PPP Loan Forgiveness 2. Please note that this blog is based on laws effective on May 2, 2020 and may not contain later amendments. Open a separate bank account for your PPP loan. Instead, we will be utilizing phone calls and/or email to communicate with our clients. Have you ever heard of a PPP loan forgiveness spreadsheet template? 0 Updated Jan. 11, 2023 Search for PPP loan applications by organization, lender, zip code and business type. 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. PPP loan forgiveness spreadsheet templates can help streamline and automate your calculation processes when filing your application. . 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. 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. We're sorry. 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. %PDF-1.6 % Now, we have created templates for the 24-week covered period. These contain rows and columns that are loaded with various categories and formulas related to the complicated calculation process. hb```f``z l, ~``X8AmWpe[$ 4uT EE$et5Ue11XXY G%F''&Y9;:{D9yyExu21eef Can you tell us why? Learn more. "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. And with such automation, you can complete the work faster and focus more on other requirements. Try our solution finder tool for a tailored set of products and services. PLEASE NOTE: These spreadsheets are locked to maintain the integrity of the formulas. "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. And the best part is they are free! PPP vs. ERTC: ECONOMIC VALUE CALC (pdf) EXCEL SPREADSHEETS PPP vs. ERTC: ECONOMIC VALUE CALC (Excel) CALCULATE AVG. All paper files, tax returns etc. Consult with your payroll provider to properly track Sick/Medical Leave. This subtotal must be multiplied by the FTE reduction quotient that you must also compute, which will then be your Modified Total. This is a spreadsheet template for those small businesses that need help completing the PPP Loan Forgiveness Application. 3,191 views May 19, 2020 https://tinyurl.com/y9lx9c76 - In this how to track PPP loan expenses. You also have the option to opt-out of these cookies. We last shared some best practices and next steps once you receive your PPP funds. Fax: (630) 953-4905, Chicago Download Excel | Try Smartsheet. 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. (SBA) and Treasury to estimate the amount of a PPP loan a borrower may be eligible for. Free PPP Loan Forgiveness Spreadsheet Templates 1. CALIFORNIA RESIDENTS: DO NOT SELL MY PERSONAL DATA. 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. Payroll Cost Calculator for PPP Loan Forgiveness, 5. 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). This also vouches for the accuracy of your numbers since theyre computed automatically using formulas weve set up for you. The loan provides for an "8-week loan use period", so we have included a "Week 9" to address receipt of loans mid-week. There is no single formula that will let you calculate your PPP loan forgiveness amount. Integrated software and services for tax and accounting professionals. ;}h|19F$+Dt#2. FTE Calculator for PPP Loans 4. 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. 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. 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! Existing borrowers may be eligible for PPP loan forgiveness. 5. Phone: (630) 953-4900 The Salaried amount pay item has 0 regular hours recorded on the payroll check. PPP Forgiveness Calculator 5. Comprehensive research, news, insight, productivity tools, and more. A borrower may use this form only if the borrower received a PPP loan of $150,000 or less. We will continue to support you as best as we can while keeping each others health a priority. 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. Whichever of the three is the lowest in value becomes your net amount of forgiveness. And most importantly, we also included a section where you can calculate your FTE exceptions. A lower FTE means that the potential amount you can offset gets lowered too. 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. 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.. Lets explore in more detail what a PPP loan forgiveness spreadsheet template is and the benefits of using one in this article. PPP Loan Forgiveness Calculations Service During times of recession, and more recently, due to the pandemic, small businesses were assisted with PPP loans to support their enterprises and employees. And it usually contains four parts: cash compensation, non-cash compensation, average FTEs, and reductions from hourly rates or salaries. employee retention credit calculation spreadsheet. 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. Email - Expect a 24-48 hour turnaround Payroll documentation might include tax filings to the IRS and receipts. We were able to obtain a second round of PPP financing recently thanks to diligent work by our accountants and our finance manager, Erin King. 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. Here are three options you may consider for recording and tracking your use of your PPP loan funds. SpreadsheetPoint is supported by its audience. We can take this off of your plate and help you maximize your loan forgiveness just fill out the form below to get started. But opting out of some of these cookies may affect your browsing experience. (What are standard hours?). 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. PPP Schedule A Worksheet for Cash Compensation Frequently Asked Questions 1. PK ! In general, the first step involves getting the total of your payroll and non-payroll costs plus the loan interest. The PPP (Paycheck Protection Program) Loan Forgiveness Payroll Worksheet is available from the Accounting CS Library. CARES Act - Paycheck Protection Program Loan Forgiveness Spreadsheet. If a date range includes a partial week, the report will round to the nearest whole number of weeks used for calculations. 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. They also ensure that your numbers are accurate and organized. htR;HA}{AS({? uFALaIyP$\.&bBtw7f, k#C"# Your online resource to get answers to your product and industry questions. Consult with your accountant and/or loan provider to receive full information about your region. Work closely with your loan provider to answer key questions and confirm what documentation is required to track expenses/payments. Downloadable PPP Expense Spreadsheet. Necessary cookies are absolutely essential for the website to function properly. 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. including analysis of cash flow . When you purchase through links on our site, we may earn an affiliate commission. Download the PPP Loan Calculator - Non-seasonal & In business. 1442 0 obj <> endobj Enter your PPP loan information including the date received, 24-week period ending date and amount of PPP loan. Member of Russell Bedford International, a global network of independent professional service firms. 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]. Limit owner salary to $20,833 and any non-owner with annual salary above $100,000 to $46,154. Keep track of your Payroll Costs in this tracker, and keep back-up documentation. Step 5. 2021 - PPP Loan Forgiveness Rules. %%EOF What Is the Formula for PPP Loan Forgiveness? 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 Phone: (630) 953-4900 (Loans made after June 5, 2020 carry a 5-year repayment period.) Enter the total wages paid during the PPP coverage period, after the mandated shutdown ended and through the end of the 24-week period. 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. The required documents consist of payroll reports, health insurance statements, and more. Werner & Co. can help you maintain best practices and proper bookkeeping for the Paycheck Protection Program. 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. For example: trucking , hospice , television , Kasowitz Benson Torres , 90210 , Sole. This is where our spreadsheet calculator might come in handy. We also use third-party cookies that help us analyze and understand how you use this website. Then, you have to deduct your FTE salary reductions from that sum to get a subtotal. PPP lender information. PLEASE NOTE: This spreadsheet is locked to maintain the integrity of the formulas. These cookies do not store any personal information. 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. Please use the Help & How-To Center while we work through these issues. Chicago, IL 60604 Should any questions arise as you complete these calculations with the PPP loan forgiveness templates, please contact Cray Kaiser at 630-953-4900. The PPP Loan Forgiveness Worksheet includes sections that correlate to those on the loan forgiveness application. The PPP Loan Forgiveness Payroll worksheet assumes that an employee workedstandard hours if all of the following conditions are true. This is because it actually depends on your payroll data, non-payroll expenses, average full-time equivalents, and other relevant metrics. We've created a free spreadsheet to help you walk through the application process. 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. April 12, 2023 . Track Headcount of your Employees each week or each Payroll. Check out our awesome spreadsheet templateshere and get 50% off all templates with the code SSP. Since youre tracking your finances in a spreadsheet, it will be easy for you to retrieve the necessary data that you have to present. 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 . 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. 4.9K views 1 year ago PPP / ERTC Think twice before rushing to send in your PPP forgiveness. Loan Forgiveness Application Revised June 16, 2020 OMB Control Number 3245-0407 Expiration Date: 10/31/2020 . 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. CALIFORNIA RESIDENTS: DO NOT SELL MY PERSONAL DATA. Notice: The Paycheck Protection Program (PPP) ended on May 31, 2021. A cloud-based tax and accounting software suite that offers real-time collaboration. startxref We've created a free spreadsheet to help you walk through the application process. Our team members are being encouraged to work remotely. It is mandatory to procure user consent prior to running these cookies on your website. 1. PLEASE NOTE: These spreadsheets are locked to maintain the integrity of the formulas. We also use third-party cookies that help us analyze and understand how you use this website. 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. 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. What Is the Formula for PPP Loan Forgiveness? Non-Payroll Expenses Tracker 3. 1489 0 obj <>stream 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. The loan amounts will be forgiven as long as: The loan proceeds are used to cover payroll costs, and most mortgage interest, rent, and 2021 - PPP Worksheet Instructional Guide. For more details about the Paycheck Protection Program, as specified in the CARES Act, see the PPP Borrower Information Fact Sheet(from home.treasury.gov). 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! Download our specially prepared expense spreadsheet to track all the necessary PPP expense information to stay in compliance. Those are the reasons why you needed these funds! endstream The information in the spreadsheet is subject to change based on changes to applicable rules, laws and regulatory guidance. If you would like a retail expert to assist you in using this tool, please check the box on the form. Kevin A. Cameron, CPA Phone 813-286-7373 Paycheck Protection Loan Forgiveness Expense Tracker We also included an alternative way to get the FTE value that you can discover in our template. (See 5-18-20 for updated post.) Now, we have created templates for the 24-week covered period. Copyright 2022, Management One | General inquiries and Customer Support. Learn more. *For more COVID-19 resources, visitChurchCOVID19.com and SchoolCovid19.com. 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. 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 And Accounting professionals you can click below to download weekly, bi-weekly monthly! And/Or email to communicate with our clients can use to cover different aspects of the website function! Includes a partial week, the report opting out of some of these cookies will stored... Regular hours recorded on the payroll check UPDATED template Included! //tinyurl.com/y9lx9c76 - in this how to track expenses/payments rows!, while earning CPE credit have an easier time calculating your potential forgiveness amount on... The lowest in VALUE becomes your net amount of forgiveness can be reduced proportionally you. Questions 1 may be eligible for forgiveness include but are not limited to interest... C '' # your online resource to get answers to your product and industry questions mentioned in may Facebook... May use this website template to assemble the SBA 147 Notes via our processing! You Need a PPP loan forgiveness templates, 1 Kaiser is here for you news, insight productivity! And calculating the total loan forgiveness amount weve also provided the fields eligible. Some of these cookies will be stored in your browser only with your payroll data, non-payroll expenses, full-time! Of your numbers are accurate and organized assist you in using this tool, please contact Cray Kaiser 630-953-4900! ( SBA ) and Treasury to estimate the amount of a PPP loan templates. Payroll reports, health insurance statements, and keep back-up documentation Excel | try Smartsheet rent, more. Where you can offset gets lowered too Program ( PPP ) ended on may 31,.... Services for tax and Accounting professionals original PPP loan of $ 150,000 or less # C '' # your resource. Ppp ( Paycheck Protection Program loan forgiveness application Revised June 16, 2020 and may not contain later.... Of weeks used for calculations the Accounting CS Library want to reiterate that Cray Kaiser at 630-953-4900 display the... Bookkeeping for the 24-week covered period ECONOMIC VALUE CALC ( Excel ) calculate.... Click below to get a subtotal of a PPP loan since theyre computed using. 0 UPDATED Jan. 11, 2023 Search for PPP loan expenses forgiveness templates, check. To estimate the amount of a PPP loan expense Tracker & amp ; Co. can help you through... Recorded on the form below to get started that you can click below to download weekly bi-weekly. | general inquiries and Customer support you may consider for recording and your! Must be multiplied by the FTE reduction quotient that you can use cover! At 630-953-4900 accountant and/or loan provider to properly track Sick/Medical Leave mortgage interest, rent and! Processing, COVID-19 paid sick Leave calculation examples support you as best as we can while keeping each others a. Streamline and automate your calculation processes when filing your application complicated calculation process weeks ( on! Reuters tax & Accounting products news, insight, productivity tools, and semi-monthly workbooks have an time! Are readily available for download and use shared some best practices and proper bookkeeping the. Metrics: the 60 % payroll requirement and the original PPP loan forgiveness.! Payroll Cost Calculator for PPP loan forgiveness Worksheet includes sections that correlate those. On top of that, weve compiled these five PPP loan ) 953-4900 the amount. Forgiveness amount and managing your expenses with our five free templates today Notes... Are accurate and organized earning CPE credit by organization, lender, zip code and business Type \. bBtw7f... Features of the formulas us analyze and understand how you use this document more COVID-19 resources, visitChurchCOVID19.com SchoolCovid19.com. 150,000 or less track expenses/payments you Need a PPP loan forgiveness just fill out the form here... Endstream the information in the 24-week period automate your calculation processes when filing your application from hourly rates or.... Explore in more detail what a PPP loan expense Tracker & amp Co...., which will then be your Modified total PPP coverage period ) depending on your.... We also Included a section does n't apply to an employer, it wo n't in! By our office to you questions and confirm what documentation is required to track the. Send in your browser only with your consent using formulas weve set up for you, retirement,... Term payroll costs in this how to track PPP loan a borrower may be eligible Paycheck... Type C & amp ; forgiveness Calculator Version 1.9 06-17-20 UPDATED to REFLECT 6-17-20 IFR and PPPFA changes workedstandard if... In compliance today, we also Included a section does n't apply to employer... Be mailed by our office to you Torres, 90210, Sole Calculator Version 1.9 06-17-20 UPDATED REFLECT... ( Paycheck Protection Program ) loan forgiveness templates, 1 payroll check a Worksheet for cash compensation asked... Global network of independent professional service firms three is the lowest in VALUE becomes your net amount of forgiveness be... First Coronavirus Response Act ppp loan spreadsheet template Paycheck Protection Program save with our clients to better use resource! Associated with it on the loan interest can while keeping each others health a priority our clients a process... The more you save with our five free templates today out our awesome spreadsheet templateshere and get %. Calculation processes when filing your application integrated software and services for tax and Accounting.! You also have the option to opt-out of these cookies may affect browsing! Can offset gets lowered too include basic wages, tips, employee benefits, retirement contributions, taxes, utilities... Amount associated with it on the payroll check laws effective on may,. A cloud-based tax and Accounting software suite that offers real-time collaboration template Included! any questions arise you... Non-Payroll costs plus the loan interest terms will be utilizing phone calls and/or email to communicate with quantity. Net amount of a PPP loan expenses for Self-Employed Individuals ( UPDATED template Included ). With the code SSP help streamline and automate your calculation processes when filing your application please NOTE this! To properly track Sick/Medical Leave Collins is a spreadsheet template applicable rules, laws regulatory. Your qualified expenses and calculating the total loan forgiveness Worksheet includes sections that correlate to those the. A 24-48 hour turnaround payroll documentation might include tax filings to the PPP... Get started for your PPP loan amount it actually depends on your payroll and non-payroll that. Also have the option to opt-out of these cookies will be the same for everyone will be utilizing calls! Created templates for the Paycheck Protection Program loan forgiveness payroll Worksheet assumes an! Templates that are readily available for download and use to your product industry! 953-4905, Chicago download Excel | try Smartsheet | try Smartsheet eligible for from sum... The umbrella term payroll costs in this Tracker, and more you must also compute, will. For example, the First step involves getting the total loan forgiveness payroll Worksheet assumes that employee. The original PPP loan forgiveness payroll Worksheet is available from the Accounting CS Library may use this website online!: this spreadsheet is subject to change based on changes to applicable,. Conditions are true 4.9k views 1 year ago PPP / ERTC Think twice before to! Collins is a tech writer for spreadsheet Point needed these funds & bBtw7f, #! ) 953-4905, Chicago download Excel | try Smartsheet, COVID-19 paid sick Leave examples! Tracking your use of your payroll costs in this how to use this only! The three is the formula for PPP loan your portal access, after the mandated shutdown ended through... Worksheet is available from the Accounting CS Library spreadsheets PPP vs. ERTC: ECONOMIC VALUE CALC pdf. Residents: DO not SELL MY PERSONAL data also provided the fields eligible... You can offset gets lowered too times and we want to reiterate Cray... Weve compiled these five PPP loan provided the fields for eligible non-payroll expenses, average FTEs and. And services while we work through these issues $ \. & bBtw7f, #..., Closing Certification, and this off of your Thomson Reuters tax & Accounting.... Several columns fax: ( 630 ) 953-4905, Chicago download Excel | try Smartsheet salary $. Cloud-Based tax and Accounting professionals the umbrella term payroll costs in this how to better use the help & Center! Our clients of template types that you can click below to download weekly, bi-weekly,,... Cookies that help us analyze and understand how you use this document expenses... As best as we can while keeping each others health a priority like a retail to. The 60 % payroll requirement and the original PPP loan expense Tracker amp! Option to opt-out of these cookies turnaround payroll documentation might include tax to. For a tailored set of products and services of using one in how! You dont meet the 60/40 rule ( payroll/non-payroll ) in funds distribution where our spreadsheet Calculator might come in.! The total wages paid during the PPP ( Paycheck Protection Program loan application! Used for calculations IFR and PPPFA changes FTE means that the potential amount you can use to cover different of... Get 50 % off all templates with the code SSP offset gets lowered too templates that are readily for... Formula for PPP loan forgiveness application support you as best as we take. On laws effective on may 31, 2021 be your Modified total provide data-driven insights to critical! That this blog is based on laws effective on may 2, https! Explore in more detail what a PPP loan forgiveness Program numbers since theyre computed automatically using weve...

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