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Managing your PPP Loan in QuickBooks

For someone else
Alicia Katz Pollock
For someone else

Unboxing QuickBooks Online Payroll’s Payroll Protection Protection (PPP) Application. And how to manage your PPP Loan once you get it!

PPP Loan in QuickBooks Course Description 

There is now a Coronvirus SBA PPP Loan inside QuickBooks Online Payroll through QuickBooks Capital. Because the features are part of your bookkeeping software, your Payroll data is already available. When it’s time to calculate your 2.5x monthly average payroll, a lot of their application is pre-filled on your behalf! 

In this “unboxing” of QuickBook’s Payroll Protection Program application, Alicia walks you through her thought processes, from the perspective of the business owner filling in the application. She gets a little surprise advice from Matthew Fulton of Parkway Business Solutions, as Waldo, the “owl on her shoulder.”

Then, learn how to manage your PPP Loan in QuickBooks Online using Classes, Checking Sub-accounts, and Tagging. Then, craft a report to show that you spent the money on Payroll, utilities and rent!

What You’ll Learn 

  • How to apply for your PPP through your QBO
  • How to use classes to track your PPP
  • How to set up your Payroll for your PPP 
  • How to run reports specific to your PPP

Instructional Level

Beginner to Intermediate

Course Length

2 hours

Course Credits

2 CPE, Certificate of Completion

Field of Study


Delivery Method

QAS/Self Study

Suggested Prerequisites

    Who should take this QuickBooks Online Best Practices class?

    • Any small business who uses QuickBooks Payroll in QuickBooks Online, and is applying for the Payment Protection Program SBA loan.

    Other learners purchased these courses after completing this class:  




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      Royalwise is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:


      Course Updated: December 2021

      Here is the course outline:

      1. Watch the Videos: Managing Your PPP Loan in QBO

      Applying for a Payroll Protection Program loan, and how to manage it in QuickBooks Online!

      Unboxing the QuickBooks Online Payroll's PPP Loan
      Setting up your PPP Chart of Accounts
      Setting Up Your PPP Payroll
      Using Classes for PPP
      Using Projects to Track PPP Loans
      Using Tags with Your PPP
      Running Forgiveness Reports
      QBO's QuickBooks Capital Forgiveness Estimator

      2. PPP Resources

      Alicia's article on Intuit's website, and the PPP Forgiveness application

      PPP Resources


      The following certificates are awarded when the course is completed:

      Royalwise CPE Certificate
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