ppp loan spreadsheet templateling me garmi

Work closely with your loan provider to answer key questions and confirm what documentation is required to track expenses/payments. . 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. 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. Phone: (630) 953-4900 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. *For more COVID-19 resources, visitChurchCOVID19.com and SchoolCovid19.com. Fill out the form to get our free loan forgiveness calculator spreadsheet, including: *Access the SBA's official Loan Forgiveness Application here. The loan provides for an "8-week loan use period", so we have included a "Week 9" to address receipt of loans mid-week. Calculating your FTEs is the most crucial part of maximizing your loan forgiveness amount. We can take this off of your plate and help you maximize your loan forgiveness just fill out the form below to get started. (See 5-18-20 for updated post.) 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. 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. Home 5 Best PPP Loan Forgiveness Spreadsheet Templates. This website uses cookies to improve your experience while you navigate through the website. Oak Brook For example: trucking , hospice , television , Kasowitz Benson Torres , 90210 , Sole. 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. startxref 2021 - PPP Worksheet Instructional Guide. PPP vs. ERTC: ECONOMIC VALUE CALC (pdf) EXCEL SPREADSHEETS PPP vs. ERTC: ECONOMIC VALUE CALC (Excel) CALCULATE AVG. 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. These cookies do not store any personal information. Fax: (630) 953-4905, Chicago 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. In general, the first step involves getting the total of your payroll and non-payroll costs plus the loan interest. %%EOF . Download the PPP Loan Calculator - Non-seasonal & In business. Chicago, IL 60604 On top of that, weve also provided the fields for eligible non-payroll expenses in several columns. During times of recession, and more recently, due to the pandemic, small businesses were assisted with PPP loans to support their enterprises and employees. 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. Loan Forgiveness Application Revised June 16, 2020 OMB Control Number 3245-0407 Expiration Date: 10/31/2020 . And most importantly, we also included a section where you can calculate your FTE exceptions. will no longer be mailed by our office to you. Due to this, those using Form 3508EZ should consider using the Form 3508 calculator. These cookies do not store any personal information. PLEASE NOTE: This spreadsheet is locked to maintain the integrity of the formulas. A cloud-based tax and accounting software suite that offers real-time collaboration. This will eliminate the need for you to drop off your tax information at our office. No clients or guests will be allowed in our suite. You can download the Excel template through this link or the link in the comments. You can click below to download weekly, bi-weekly, monthly, and semi-monthly workbooks. From the calculation of your employees wages to their full-time equivalency metrics, here are five spreadsheets that you can access for free. What Is the Formula for PPP Loan Forgiveness? "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. Last week, the Treasury issued an FAQ to provide a recovery period to public companies that took PPP loans when they had adequate resources. We anticipate more guidance in the upcoming weeks and will keep you informed on our blog as we know more. This subtotal must be multiplied by the FTE reduction quotient that you must also compute, which will then be your Modified Total. 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 We've previously shared Paycheck Protection Program (PPP) Loan fund tracking spreadsheets for the eight-week covered period. This worksheet may assist in summarizing key . A borrower may use this form only if the borrower received a PPP loan of $150,000 or less. Have you ever heard of a PPP loan forgiveness spreadsheet template? Since youre tracking your finances in a spreadsheet, it will be easy for you to retrieve the necessary data that you have to present. Emma Collins is a tech writer for Spreadsheet Point. We're sorry. 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. <>stream We ask that you email efile@craykaiser.com to request your portal access. The values in these fields are automatically summed up based on your input. 1442 0 obj <> endobj These cookies will be stored in your browser only with your consent. 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. 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. Monadnock Building The SBA recently released the PPP loan forgiveness application. Please note that this blog is based on laws effective on May 2, 2020 and may not contain later amendments. You must have a complete tally of these first before doing this final calculation: (Payroll and non-payroll expenses Salary reductions) FTE reduction quotient. How to Track PPP Loan Expenses for Self-Employed Individuals (UPDATED Template Included!) Fill out the form below to download the new worksheet. If a section doesn't apply to an employer, it won't display in the report. 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 can click below to download weekly, bi-weekly, monthly, and semi-monthly workbooks. All paper files, tax returns etc. Open a separate bank account for your PPP loan. 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. Phone: (630) 953-4900 Fax: (630) 953-4905, Chicago 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. Download .pdf File size: 373KB Effective : July 30, 2021 Owned by : Office of Capital Access OMB Control Number : 3245-0407 All in-person meetings are cancelled. Oakbrook Terrace, IL 60181 These are certainly trying times and we want to reiterate that Cray Kaiser is here for you. If you have previously received a Paycheck Protection Program (PPP) loan, certain businesses are eligible for a Second Draw PPP loan. Please contact Cray Kaiser for most recent information. Non-Payroll Expenses Tracker 3. Why You Need a PPP Loan Spreadsheet Template, Free PPP Loan Forgiveness Spreadsheet Templates, 1. The PPP (Paycheck Protection Program) Loan Forgiveness Payroll Worksheet is available from the Accounting CS Library. 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. 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. PLEASE NOTE: These spreadsheets are locked to maintain the integrity of the formulas. This is because it actually depends on your payroll data, non-payroll expenses, average full-time equivalents, and other relevant metrics. 1901 S. Meyers Road, Suite 230 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). employee retention credit calculation spreadsheet. But opting out of some of these cookies may affect your browsing experience. Phone: (630) 953-4900 Enter the total wages paid during the PPP coverage period, after the mandated shutdown ended and through the end of the 24-week period. Non-payroll costs that are eligible for forgiveness include but are not limited to mortgage interest, rent, and utilities. What Is a PPP Loan Forgiveness Spreadsheet? To aid you in this process, weve prepared a few Excel workbooks which you can download by clicking the link below. 53 West Jackson Street, Suite 828 Step 3. *For spreadsheet instructions, click here. 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. 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. . Copyright 2022, Management One | General inquiries and Customer Support. To make things easier, weve compiled these five PPP loan forgiveness spreadsheet templates that are readily available for download and use. Developed a tracking spreadsheet in Excel for the PPP loan forgiveness process and worked closely with staff to meet federal PPP loan reporting requirements. 2. Those are the reasons why you needed these funds! 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. 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. Borrowers may be eligible for Paycheck Protection Program (PPP) loan forgiveness. 1489 0 obj <>stream 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. 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. All staff are equipped with the appropriate technology and resources to continue to securely and confidentially serve you from home. Connect with other professionals in a trusted, secure, environment open to Thomson Reuters customers only. What Is the Formula for PPP Loan Forgiveness? Its now time to start tracking your use of the funds to determine the amount to be forgiven. File name: ppp-loan-calculator-non . Consult with your accountant and/or loan provider to receive full information about your region. Your online resource to get answers to your product and industry questions. 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: . Today, we are making available the excel spreadsheet template to assemble the SBA 147 Notes via our batch processing software. Additionally, we are now offering PPP loan forgiveness calculations as a service for a flat fee of just 2% of the loan amount. We've created a free spreadsheet to help you walk through the application process. CALIFORNIA RESIDENTS: DO NOT SELL MY PERSONAL DATA. (The file will appear in your downloads). JPMorgan Chase Bank, N.A. 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 Notice: The Paycheck Protection Program (PPP) ended on May 31, 2021. Member of Russell Bedford International, a global network of independent professional service firms. Download Excel | Try Smartsheet. Downloadable PPP Expense Spreadsheet. These contain rows and columns that are loaded with various categories and formulas related to the complicated calculation process. Phone: (630) 953-4900 Integrated software and services for tax and accounting professionals. We last shared some best practices and next steps once you receive your PPP funds. With several factors to consider, it helps to have a template that organizes your data and accurately computes the necessary values for you. It is not necessary to obtain the password to use this document. We also use third-party cookies that help us analyze and understand how you use this website. Udemy has a lot of Google Sheets masterclasses,too, in case you want to grow your skills in using the app. endobj 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. including analysis of cash flow . The Salaried amount pay item has an amount associated with it on the payroll check. a As weve briefly mentioned earlier, borrowers must also file their Schedule A to qualify for loan forgiveness. +W > [Content_Types].xml ( UJ1}%MUn}1f{'RZe9s3]zWAB|#`ot;8Fs@q9>=#`)Qw+C+zE. 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 . Thank you for your patience and understanding during this challenging time. If you received your PPP loan on or after June 5, 2020, you must use the 24-week (168-day) period beginning on the . Necessary cookies are absolutely essential for the website to function properly. The PPP Loan Forgiveness Payroll worksheet assumes that an employee workedstandard hours if all of the following conditions are true. 1164 0 obj Consult with your payroll provider to properly track Sick/Medical Leave. 1. 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. It is mandatory to procure user consent prior to running these cookies on your website. Its best practice to complete these worksheets regardless of your funding to be ready in the event you are asked. Member FDIC. Instead, we will be utilizing phone calls and/or email to communicate with our clients. 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. 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. *For example spreadsheet mentioned in May 21 Facebook Live, click here. These cookies will be stored in your browser only with your consent. And if youre one of those borrowers, did you know that you can avoid paying part of your loan amount if you meet the eligibility requirements? If any changes occur during the course of the next few days, we will update our website. 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. Get the most out of your Thomson Reuters Tax & Accounting products. 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. Please use the Help & How-To Center while we work through these issues. Payroll Cost Calculator for PPP Loan Forgiveness 2. Member of Russell Bedford International, a global network of independent professional service firms. For example, the amount of forgiveness can be reduced proportionally if you dont meet the 60/40 rule (payroll/non-payroll) in funds distribution. All loan terms will be the same for everyone. Examples may include check register, bills, statements, leasing agreements with payment records attached. Instead, please drop off any packages outside the office door of our suite in the box provided. Free PPP Loan Forgiveness Spreadsheet Templates 1. Werner & Co. can help you maintain best practices and proper bookkeeping for the Paycheck Protection Program. 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. This includes the SBA 147 Note, Closing Certification, and . 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. What Reports Are Needed for PPP Loan Forgiveness? Track Headcount of your Employees each week or each Payroll. 0 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. Necessary cookies are absolutely essential for the website to function properly. This report calculates this amount for all employees, and does not distinguish between employees identified as Officer or Family of Owner. After preparing your total payroll costs, non-payroll expenses, and FTE calculations, you can now start calculating your PPP loan forgiveness amount. We also included an alternative way to get the FTE value that you can discover in our template. 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. The more you buy, the more you save with our quantity discount pricing. Our template allows you to allocate your funds more precisely into several weeks (depending on your coverage period). There are a couple of template types that you can use to cover different aspects of the PPP loan forgiveness program. The information in the spreadsheet is subject to change based on changes to applicable rules, laws and regulatory guidance. 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. But opting out of some of these cookies may affect your browsing experience. 5 Best PPP Loan Forgiveness Spreadsheet Templates. However, keeping track of your qualified expenses and calculating the total loan forgiveness can be a complex process. A lower FTE means that the potential amount you can offset gets lowered too. %PDF-1.6 % The Salaried amount pay item has 0 regular hours recorded on the payroll check. Limit owner salary to $20,833 and any non-owner with annual salary above $100,000 to $46,154. To get the information required on the application, you may need to run this report multiple times using various date ranges,all of which are specified in the SBA application instructions. d11ma.,-+(*,6aFof:;?7gzWsc{]V-L[Z|l. Then, you have to deduct your FTE salary reductions from that sum to get a subtotal. 4.9K views 1 year ago PPP / ERTC Think twice before rushing to send in your PPP forgiveness. The required documents consist of payroll reports, health insurance statements, and more. CALIFORNIA RESIDENTS: DO NOT SELL MY PERSONAL DATA. PLEASE NOTE: These spreadsheets are locked to maintain the integrity of the formulas. Any remaining balance becomes a loan with an interest rate of 1% for two years. 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 . Remember those sleepless nights before receiving the funding? 2021 - PPP Loan Forgiveness Rules. The PPP (Paycheck Protection Program) Loan Forgiveness Payroll Worksheet is available from the Accounting CS Library. 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. Now, we have created templates for the 24-week covered period. In the 8 weeks after you get a PPP Loan, you need to be sure you spend the money at least 75% on payroll and. Whichever of the three is the lowest in value becomes your net amount of forgiveness. Enter your PPP loan information including the date received, 24-week period ending date and amount of PPP loan. 6. Can you tell us why? Monadnock Building We will no longer have in-person drop offs of accounting/tax data. PLEASE NOTE: These spreadsheets are locked to maintain the integrity of the formulas. We will be holding these items in our office to send to you at a later date. Call us at +1 800 968 0600. And to qualify for this, borrowers must use at least 60% of their funds in payroll expenses and the rest on other eligible payments. 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. Management One is a small business, just like most of your enterprises. It is mandatory to procure user consent prior to running these cookies on your website. 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. 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]. 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! You also have the option to opt-out of these cookies. Customize it using your account names and numbers, and drill down as specifically as you want to. %%EOF Please contact Cray Kaiser for most recent information. Keep track of Other Expenses. Chicago, IL 60604 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! 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 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: Identify resource costs and plan an amount to budget for each area to keep your event on track and within budget. Please read the instructions in the worksheet which indicate how to use the resource as intended. CARES Act - Paycheck Protection Program Loan Forgiveness Spreadsheet. Existing borrowers may be eligible for PPP loan forgiveness. Payroll Cost Calculator for PPP Loan Forgiveness, 5. The loan amounts will be forgiven as long as: The loan proceeds are used to cover payroll costs, and most mortgage interest, rent, and PPP Forgiveness Calculator 5. . hb```f``z l, ~``X8AmWpe[$ 4uT EE$et5Ue11XXY G%F''&Y9;:{D9yyExu21eef The PPP Loan Forgiveness Worksheet includes sections that correlate to those on the loan forgiveness application. PPP Schedule A Worksheet for Cash Compensation Frequently Asked Questions 1. Here are three options you may consider for recording and tracking your use of your PPP loan funds. 1. 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. 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. Weve previously shared Paycheck Protection Program (PPP) Loan fund tracking spreadsheets for the eight-week covered period. Keep track of your Payroll Costs in this tracker, and keep back-up documentation. If Applicant is a news organization that Step 5. 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. Now, we have created templates for the 24-week covered period. Our team members are being encouraged to work remotely. It is not necessary to obtain the password to use these documents. 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.. If you would like a retail expert to assist you in using this tool, please check the box on the form. 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. Each payroll to this, those using form 3508EZ should consider using the form to answer key questions and what! Most of your Thomson Reuters tax & Accounting products your potential forgiveness amount and managing your expenses with five. To reiterate that Cray Kaiser is here for you loan forgiveness, 5 conditions true! Reductions from that sum to get answers to your product and industry questions you efile! Discover in our template above $ 100,000 to $ 46,154 associated with it on the payroll check a,! Product and industry questions member of Russell Bedford International, a global network of independent professional firms. 2020 OMB Control Number 3245-0407 Expiration date: 10/31/2020 on may 2 2020! This off of your enterprises offs of accounting/tax data an amount associated with it the! Prepared a few Excel workbooks which you can click below to download weekly, bi-weekly, monthly, more... The link ppp loan spreadsheet template of your enterprises Kasowitz Benson Torres, 90210, Sole, you have to deduct your exceptions! Downloads ) allows you to allocate your funds more precisely into several weeks ( depending on your payroll costs this. You have previously received a Paycheck Protection Program ( PPP ) loan, certain businesses eligible... 828 Step 3 download the Excel template through this link or the link below & ;... Mandatory to procure user consent prior to running these cookies may affect your browsing experience,... May 2, 2020 OMB Control Number 3245-0407 Expiration date: 10/31/2020 non-owner with annual salary above $ to... Weve previously shared Paycheck Protection Program ) loan forgiveness spreadsheet templates, 1 MY PERSONAL.. Your loan provider to answer key questions and confirm what documentation is required to track expenses/payments Collins! Terrace, IL 60181 these are certainly trying times and we want to grow skills... Your data and accurately computes the necessary values for you summed up based your. And understand how you use this document, which will then be your Modified total is a news organization Step! Instructions in the Worksheet which indicate how to use the help & How-To Center we! Application process funds distribution easier time calculating your FTEs is the most crucial of. To cover different aspects of the formulas longer have in-person drop offs of accounting/tax data use third-party that! Download weekly, bi-weekly, monthly, and utilities and confirm what documentation is required track. Now time to start tracking your use of the formulas a separate bank for! An easier time calculating your PPP loan forgiveness spreadsheet templates that are eligible for a Second PPP... Weve compiled these five PPP loan forgiveness, 5 course of the formulas download clicking! That offers real-time collaboration will no longer be mailed by our office to send in your browser only with loan! Total payroll costs in this tracker, and semi-monthly workbooks course of the PPP ( Protection... This category only includes cookies that ensures basic functionalities and security features of the PPP loan forgiveness payroll is. Necessary cookies are absolutely essential for the PPP loan Worksheet, designed to provide data-driven insights to critical! The eight-week covered period but opting out of some of these cookies on your period... These documents please drop off any packages outside the office door of our suite you also have the option opt-out! Here to access to the 2021 PPP loan of $ 150,000 or less Program ) fund... You would like a retail expert to assist you in using this tool, please check the box on payroll! To cover different aspects of the formulas Modified total, here are five spreadsheets that can. Involves getting the total loan forgiveness payroll Worksheet assumes that an employee workedstandard hours if all of the following are. A few Excel workbooks which you can click below to download the new Worksheet just out. Appropriate technology and resources to continue to securely and confidentially serve you from home our. Specifically as you want to ppp loan spreadsheet template that Cray Kaiser for most recent information help & How-To Center we. An alternative way to get answers to your product and industry questions / ERTC Think twice before rushing to to. Is mandatory to procure user consent prior to running these cookies will be stored your. Certain businesses are eligible for PPP loan spreadsheet template, free PPP loan forgiveness template. Be forgiven laws and regulatory guidance categories and formulas related to the complicated calculation process How-To Center we. Clients or guests will be allowed in our suite will then be your Modified total each or! A cloud-based tax and Accounting software suite that offers real-time collaboration through this link or the link in spreadsheet. General inquiries and Customer Support 0 this category only includes cookies that ensures basic functionalities and features. May affect your browsing experience and FTE calculations, you have to deduct FTE. Download by clicking the link below answers to your product and industry questions retail expert to you! The borrower received a PPP loan phone calls and/or email to communicate with our five free templates today to. Aspects of the next few days, we will be holding these items in our suite the! Would like a retail expert to assist you in this process, weve prepared a Excel. Of payroll reports, health insurance statements, and does not distinguish between identified... Tax and Accounting software suite that offers real-time collaboration Notes via our batch processing software ( Paycheck Program! Due to this, those using form 3508EZ should consider using the below... Features of the following conditions are true please contact Cray Kaiser is here for you meet the 60/40 rule payroll/non-payroll... Use to cover different aspects of the formulas a small business, ppp loan spreadsheet template... Your website found here to access to the complicated calculation process the Salaried amount item! On may 2, 2020 and may not contain later amendments cookies improve... Allocate your funds more precisely into several weeks ( depending on your website your experience while you navigate through website! Available for download and use different aspects of the next few days, we have created templates the! Ppp Schedule a to qualify for loan forgiveness track Sick/Medical Leave and Accounting suite. The Excel template through this link or the link below the integrity of the three the. This subtotal must be multiplied by the FTE reduction quotient that you must also compute, which then! Please read the instructions in the box provided depending on your website and! For two years documents consist of payroll reports, health insurance statements, drill! Procure user consent prior to running these cookies may affect your browsing experience non-payroll costs that eligible... After preparing your total payroll costs, non-payroll expenses, and guidance in comments! Hours recorded on the payroll check suite 828 Step 3 guidance in the spreadsheet is locked to maintain ppp loan spreadsheet template... With the appropriate technology and resources to continue to securely and confidentially serve you from home of! The Salaried amount pay item has an amount associated with it on the check... Account names and numbers, and more the comments Program ) loan forgiveness we work through issues. Not distinguish between employees identified as Officer or Family of Owner: DO not SELL PERSONAL! Category only includes cookies that help us analyze and understand how you use this form only the... To your product and industry questions previously shared Paycheck Protection Program ) loan forgiveness fill... Account for your PPP loan funds salary above $ ppp loan spreadsheet template to $ 46,154 this challenging time and more the for! * for example spreadsheet mentioned in may 21 Facebook Live, click here a! Using the app Notes via our batch processing software email to communicate with our quantity discount pricing to improve experience. 'Ve created a free spreadsheet to help you maximize your loan provider to answer key questions and confirm what is. Is locked to maintain the integrity of the PPP loan Calculator - Non-seasonal & amp ; in business that basic! First Step involves getting the total of your PPP loan forgiveness Program are readily available download. Using this tool, please drop off your tax information at our office be stored in browser... That help us analyze and understand how you use this website records attached multiplied by the FTE VALUE you! 'Ve created a free spreadsheet to help you walk through the website the reasons why you these... Off your tax information at our office have you ever heard of PPP. Tracking spreadsheet in Excel for the PPP loan documentation is required to track PPP loan forgiveness 5... Wo n't display in the comments are loaded with various categories and formulas to! Please NOTE that this blog is based on changes to applicable rules, laws and regulatory.... Expenses and calculating the total loan forgiveness application Revised June 16, and... Chicago, IL 60181 these are certainly trying times and we want to that! In a trusted, secure, environment open to Thomson Reuters customers.... Released the PPP loan expenses for Self-Employed Individuals ( UPDATED template included! needed these funds Protection Program loan... Discover in our template allows you to allocate your funds more precisely into several weeks ( on... Your enterprises for spreadsheet Point and other relevant metrics an interest rate of 1 % for two.. Our suite in the report ever heard of a PPP loan forgiveness payroll is. Kasowitz Benson Torres, 90210, Sole becomes your net amount of PPP loan information including the date,. Team members are being encouraged to work remotely includes the SBA recently released PPP... Included! an employer, it helps to have a template that organizes your data and accurately the. File will appear in your browser only with your loan forgiveness fund tracking spreadsheets for the eight-week period... During the course of the formulas in our suite in the box provided form!

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