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Quickbooks Tutorial - How to Track PPP Loan Expenses

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Quickbooks Tutorial - How to Track PPP Loan Expenses

38,038 views April 25, 2020 8:37

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ChannelThe Quickbooks University

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QBUniversity.org - In this Quickbooks tutorial I walk through how to record PPP loan expenses. The SBA, in the CARES Act, is requiring that PPP loan proceeds be spent on certain expenses if you want the loan forgiven.

The loan must be spent on payroll and benefits (75%) and rent, utilities and interest on a mortgage (25%). This video walks you through 2 simple ways to track your PPP expenses so that you can show how you spent the money when it comes time to figure out how much should be forgiven.

Discover more at QBUniversity.org

About this tutorial

The Quickbooks University published this 8:37 video tutorial on April 25, 2020. It has been watched 38,038 times on YouTube.

Category
Education
Duration
8:37
Published
April 25, 2020
Views
38,038
Likes
265

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