I'm happy to hear you were approved. At this time, you're going to want to keep an eye on your email for an update as to when you'll get the deposit date. As for the next step, I recommend checking out these two links as they will guide you in setting up for tracking and loan forgiveness.
If you have any other questions or concerns, feel free to post them down below.
Thank you for your time. Have a nice evening.
Forgive my ignorance but I am not an accountant or bookkeeper, I am a grade school teacher and I am trying to help in our business with PPP loan. We use the listings of wages, employer taxes, fed taxes (941/944)...my question is-in calculating documents to prepare to apply for forgiveness what parts of these payroll items do I include? Also, can I include cell phone allowance as “other compensation” since employees use their phones for on-call time?
I have tried unsuccessfully to pull reports off QBDT to help me with the Payroll Costs for the PPP. These reps at Intuit have no idea and should not be answering any questions regarding PPP. I was able to pull off what I needed from ADP and am preparing my own Excel spreadsheet to track the costs, including the non-Payroll Cost figures.
At this point I am already extremely upset with Intuit for increasing my ProAdvisor fees over $300 from last year to this year. Shame on you Intuit for doing this to people in this economy. Shame on you also for not having proper reports.
Good Day Sir
Can you please send me a copy of the Excel Spreadsheet that will assist me in my dilema of providing the correct documentation for my PPP Loan request.
Thank you kind sir
[email address removed]
Question im hoping someone will know the answer to....
What report do i generate from quickbooks exactly when providing the ppp
with the history of what i paid employees during the months of feb, mar, and april?
Ive been looking on the website and havent found exactly what report i need to generate.
Any Help would greatly be appreciated. Much Thanks
Thanks for joining us here, tilly2.
If you're using QBO Payroll, you can use use the Payroll Summary by Employee report. This will give you a comprehensive details of the employee's wages, deductions, and tax information based on the date or period selected.
Here's how to open it:
You might also want to check out other payroll reports that can help us extract the information needed for the application.
If you have QuickBooks Desktop, you can use the Payroll Detail Review report to get the same information. Just go to the Reports menu, scroll-down to Employees and Payroll, and then click Payroll Detail Review.
You can also use this quick guide on how to customize a report in QuickBooks Desktop: Customize payroll and employee reports.
Please don't hesitate to add a reply or visit us again if you need anything else.
Welcome to the thread, @pac1.
There's no specific timeline since the approval of the loan will depend on the Government Agency.
If you’re referring to the updated process about the Paycheck Protection Program, you can read this article to learn more: What you need to know about the Paycheck Protection Program.
I’ve also attached a document, so you have all the information you need to know about the program: https://home.treasury.gov/system/files/136/PPP--Fact-Sheet.pdf.
If you mean something else, don’t hesitate to reach back out again, so we can give the exact information you need.
Thanks for joining this conversation, @jpdareallest.
As much I would like to help you get a copy of the documentation used for applying for PPP loan, this requires pulling up your account which we're unable to do it here in the Community, for security purposes.
That said, I highly suggest contacting our Payroll Support team. They have tools that can check your account in a secure environment and help you get a copy of the documentation.
The steps to reach them may differ depending on the QuickBooks version. Refer to this article for further guidance: Contact Support.
Just in case, I'll add these articles that tackle the common payroll reporting FAQs:
Please let me know how it goes or if you have any other questions. I want to make sure everything is taken care of for you. I'm always here to help. Take care and have a wonderful day!
Hey there, tr63.
Thanks for dropping by the Community, if the distribution date is inaccurate, you'll want to reach out to the IRS for further assistance. You can reach them by following this link down below:
I'm also including a helpful article from the U.S. Small Business Administration about the Paycheck Protection Program and everything you need to know about it.
Thanks for dropping by the Community and if you have any other questions, we're just a few clicks away.