I apologize for being "absent" for a few months. My husband and I bought a house and ended up moving in the middle of this pandemic. Then it was "all hands on deck" for my staff and me to help our church and nonprofit clients apply for the SBA Paycheck Protection Program (PPP), set up online giving, and project cash flow issues. However, everything is finally starting to "slow down"
a bit and knew it was time to touch base with all of you that have stayed with me =) Thank you! You guys are awesome!
Accounting for PPP
For those of you that applied for and received the SBA Paycheck Protection Program (PPP) funds and need a little guidance on how to account for and track the forgiveness part...
See this article on how to enter the original transactions and account for the PPP funds..