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Encoursa Webinar: Accounting for PPP Loan Success
April 16, 2020 @ 3:00 pm – 4:00 pm
Certain entities affected by Coronavirus (COVID-19) may be eligible for one of the SBA’s new Payroll Protection Program (PPP) loans. Is this the right answer for your business? These loans inherently require detailed and accurate accounting records that businesses must be prepared to provide. During our FREE webinar we’ll review the documents you’ll need to make the initial loan request and the information you’ll need for the forgiveness. Most importantly, we’ll discuss whether the PPP (or any loan) is the right answer for your business AND provide cost accounting and financial management tips to help you monitor and gauge your business in good times and bad.
- How a PPP loan can help your organization, how it can hurt
- Cost accounting structure
- Loan application process
- Forgiveness process
- Best accounting practices for loan proceeds
We’ll also share our FREE template for calculating the amount of the loan request, estimating your 8 weeks of expenses, and ensuring you’ll meet the 75% requirement for loan forgiveness.