Managing your PPP Loan in QuickBooks
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!
QAS Self Study
Field of Study
Who should take this Paycheck Protection Program Loan class?
- Any small business who uses QuickBooks Payroll in QuickBooks Online, and is applying for the Payment Protection Program SBA loan.
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
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!
2. PPP Resources
Alicia's article on Intuit's website, and the PPP Forgiveness application
The following certificates are awarded when the course is completed:
|Royalwise Credit Certificate|