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Free QuickBooks Videos

Managing your PPP Loan in QuickBooks


Course
Alicia Katz Pollock
Free
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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

Accounting/Bookkeeping

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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      Refunds & Cancellations

      Please view our Terms of Service, for information on refunds, cancellations, and complaint resolution. To request a refund, please contact us.

       

      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: www.nasbaregistry.org.

       





      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!

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

      2. PPP Resources

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

      pageText PPP Resources

      Completion

      The following certificates are awarded when the course is completed:

      Royalwise Credit Certificate
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