Will or does QB's have a report that allows for easy calculations of CARES SBA-PPP: Loan Forgiveness FTEE Comparison?

Thank you for reaching out to us here on the Community page, @dcbookkeeping1.

At this time, you can run two reports for the calculations of CARES SBA-PPP and Loan Forgiveness FTE Comparison in QuickBooks Desktop (QBDT) and QuickBooks Online (QBO). For the FTE calculations, you can run a payroll summary report that should show hours for each employee during the period. Then export the report to Excel. Or, run a payroll item details report and customize the report to include the quantity.

To run the report in QBO, search for the report's name on the search field form the Reports tab at the left pane. In QBDT, select the report from Employees & Payroll after clicking the Reports tab.

On the other hand, you can open this link for your reference on how to download your Payroll Costs for the PPP Loan Forgiveness Determination report.

You can also read these articles for additional reference about running and customizing reports for both QBDT and QBO:

• Run reports in QuickBooks Online
• Understand reports

Mention me in the comment section below if there's anything you need assistance with. I'll get back to you as quickly as possible. Keep safe!

I am using Intuit Online Payroll, Are there any NEW reports for the PPP Loan Forgiveness application? The forms are so confusing and they ask the same questions over & over with slight variations. Do you have anything for the different FTE questions that are just the push of a button without me having to to do all of the different calculations? 

Thank you for the information, ItFigures_Yahoo.  

We can run a payroll summary report its includes gross pay, adjusted gross pay, net pay, and employer taxes and contributions for each employee. Use the list of eligible payroll costs to customize the payroll report to your needs. 

To learn more about PPP Loan Forgiveness in QuickBooks, you can read more on this article: Use reports to apply for a Paycheck Protection Program loan.   

Also, we have our self-help article that you like to look around for the various type of articles that you may find helpful.  

Come and visit us again if you need help. It will be my pleasure. Stay safe and have a great day ahead!