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Quickbooks desktop ppp forgiveness report
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Before you use the payroll data in this report as part of a PPP Loan Forgiveness Application, you must read and understand the important information below regarding 1 how we identify and calculate the payroll costs reflected on this report 2 guidelines for use of the report including how it may be overinclusive and underinclusive of payroll costs eligible for PPP loan forgiveness , and 3 documentation required to be submitted with your PPP Loan Forgiveness Application.

In addition, please see here for helpful information about PPP loan forgiveness, including a discussion of which payroll costs are eligible for forgiveness. Borrowers will be asked to certify that the payroll costs claimed for forgiveness in their PPP Loan Forgiveness Application are eligible for forgiveness under the applicable guidance. Be advised that regulations and guidance from the SBA and the U. Department of Treasury on the PPP are evolving rapidly. This report uses the start date and end date selected by you.

For purposes of forgiveness, each borrower has a loan forgiveness Covered Period CP. Certain payroll costs that are paid during your CP or, if applicable, your Alternative Payroll Covered Period APCP see below or that are incurred during the last pay period in your CP or, if applicable, APCP and paid on or before the next regular payroll date are eligible for forgiveness. The PPP Loan Forgiveness Application states that the CP relevant to the calculation of your loan forgiveness amount begins on the disbursement date of your loan.

The disbursement date is the date you received your PPP funds or if you received them on more than one date, the first date you received PPP funds. Alternative Payroll Covered Period APCP : Solely for the purpose of calculating payroll and certain required reductions , if you are a borrower with a biweekly or more frequent payroll schedule, you may choose an APCP that aligns with your payroll cycle. If you choose to use this alternative period, it applies only to, and must be used for, payroll costs and certain required reductions in your PPP Loan Forgiveness Application.

We populate the table in your report as described in the steps below using payroll costs identified on employee paychecks and pay stubs in your QuickBooks account bearing a check date that falls within the selected period. Note — Because we rely on employee paychecks and pay stubs bearing a check date that falls within the selected period as our starting point, the table and thus the report may include certain payroll costs not eligible for forgiveness and may exclude other payroll costs that are eligible for forgiveness.

Specifically, the table on this report may include certain payroll costs that were not 1 paid during your CP or APCP, as applicable, or 2 incurred during the last pay period of your CP or APCP, as applicable, and paid on or before the next regular payroll date.

Conversely the report may exclude certain payroll costs that were either 1 paid during your CP or APCP, as applicable, or 2 incurred during the last pay period of your CP or APCP, as applicable, and paid on or before the next regular payroll date.

See additional information below under Guidelines for Use. Note — This report excludes qualified sick and family leave wages and wage equivalents covered by titles through of the Families First Coronavirus Response Act to the extent we are able to identify them as such. I agree! This does not work. My client updated to latest release and tried with no success. I look like a fool telling her it works based on the first reply from Intuit in this string. Something has to be done quickly!

This is getting ridiculous! It’s October. Clients have had their 2nd PPP loan now for more than 24 weeks and have been eligible for forgiveness for months, but they can’t get it because they chose to hire us for their payroll. Thanks Quickbooks. Please at least update us on when this will be fixed.

And yes, I ran all the updates, and, as many others have already said, I still can’t run the Cash Compensation report for dates in I have added your account to the priority list as one of the affected customers to make sure your account is fixed asap. We will be sending you an email update once the issue is fixed. When I asked if they had an estimated date of resolution, I was told no. But that I could use the Payroll Summary report instead.

I don’t feel like trying to replicate that, when I should be able to just run the report. Can I subscribe to get updates to this question? We need to know when this report is fixed for 2nd round PPP. I’d be glad to guide you to the right direction and ensure you’re able to get the updates regarding the PPP report issue. The updates here might not get posted here, so it would be best to contact us directly. You’ll be receiving an update through email as soon as the report is fixed for As what sue mentioned, you can use the Payroll Summary report if you need to get the data as soon as possible.

There are also other payroll reports you can use. If you need to take care of other things such as your bank transactions, you can check this article for a guide: Add and match Bank Feed transactions in QuickBooks Desktop.

Do you need to take care of other payroll-related tasks? Please let me know and I’ll help you complete them. Our system is current. The report doesn’t work for round 2. The Payroll Summary report does not meet the requirements of the Cash Compensation report for filing a forgiveness application. Please stop sending canned responses that do not address the issue here. You need to fix this report. Why is it so hard for you guys to accept this problem and attend to it?

I wish I could make it better, D! Let me make it up to you and share an update about your report. Currently, we have an ongoing issue where customers, like you, are unable to pull up the correct data of the PPP Forgiveness Report for the second round. Rest assured that our engineering team is in all hands and diligently working to fix this as soon as possible.

While the suggestion for a workaround is not yet provided, it’s best to contact our Customer care Support so your name will be added to the list of affected users. This way, you’ll receive all updates via an email message once they’re available. I’ll show you how. We appreciate your patience as we’re working on this. Please let me know in the comments below in case you’ve got other questions.

Take care and stay safe! This is unforgiveable! It’s now close to the end of and your engineering team should have been able to figure this out by now. Some people have been eligible for forgiveness for months. And the suggestions being offered are fundamentally a giant waste of time.

At a minimum people should be told the truth upfront so that more time is not wasted. Please do something about this. It’s doubtful that I will ever recommend Intuit payroll to a client again.

By clicking “Continue”, you will leave the community and be taken to that site instead. Enter a search word. Turn off suggestions. Enter a user name or rank. Turn on suggestions. Showing results for. Search instead for. Did you mean:. Connect with and learn from others in the QuickBooks Community. Join now. Level 2. Any help you can give me would be greatly appreciated. Labels: QuickBooks Desktop. Reply Join the conversation. QuickBooks Team. Here’s how: Go to the Accountant menu, and then choose Chart of Accounts.

Click the Account drop-down arrow, and then select New. Select the Bank radio button, and then click Continue. Select Save and Close. Once done, create a new loan account in the Chart of Accounts. I’ll guide you how: In the Chart of Accounts , select the Account drop-down arrow. Click New. Click Continue. Enter a name for the account. Change the Deposit To account to the new bank sub-account.

In the From Account column, choose the loan account created. Enter the amount received in the Amount column. I’m always here to assist. Keep safe! Looking forward to your reply. Have a pleasant day ahead! Level 3. You correctly explained how to post the loan proceeds which is the first step. Perhaps take another look? However, if you still need more information about the loan that was being fully forgiven, I’d suggest visiting the SBA and Treasury’s website: Paycheck Protection Program U.

If you have any other QuickBooks concerns, please let me know. I’m always here to help. I would appreciate all the help and opinions from everyone. Thank you,. Is this also showing how to record the forgivesness? Desktop how to record the PPP Loan Forgiveness Maybelle is giving a perfect explanation on the necessary steps to enter the original loan as a long term liability, which are pretty much the same as any loan. You should do this in the same tax year that you know forgiveness was assured.

Level 1. Desktop how to record the PPP Loan Forgiveness I have the same question about how to record the forgiveness not the receipt of the loan. Thank You! Level 9. Desktop how to record the PPP Loan Forgiveness When you classify the forgiveness as “non-taxable income”, it will be in the equity section of your balance sheet just as if you classify it as “owner’s capital”. Kristine Mae. First, you’ll have to create an account to track the loan proceeds. Here’s how: Click Accounting.

 
 

– PPP Forgiveness Reports

 

Thanks for reaching out to очень quickbooks premier contractor 2012 download попали Community, Vpg1. Then, at the bottom, select the PPP report you want to open. Additionally, here’s an article that’ll help you personalize the PPP reports you’d like to generate. Doing opp helps you filter the important details you want to add: Customize reports in QuickBooks Desktop. You can always get in touch with us anytime.

This forum is always open and I’ll be right here to help. Have a good one! When trying to run a PPP report it says the end date cannot be beyond Dec foorgiveness, How do we run for PPP2 loans in ? A notification window will be displayed once it’s complete. In the event it’s still not displaying, you’ll also want to make sure you’re using our latest release.

I’ve included a couple detailed resources about working with payroll and reports that may come in handy moving forward:. As quickkbooksI have downloaded all of the software updates and payroll updates for Quickbooks and I desktip still unable to run /5804.txt reports with a date ending after The round 2 loans were given after December 31, so how are we to run the appropriate PPP reports for ?

Welcome to this thread, patrex. The steps outlined by my colleagues above are the common ways to fix to the issue with running the PPP Forgiveness report. Since you’re still unable to run the report, it would be best t reach out to our QuickBooks Team for further investigation. They can review the status quickbooks desktop ppp forgiveness report your payroll and look for ways to come up with a complete resolution.

Please take note our operating hours for chat support depend on the version of QuickBooks that you’re using. Please see this article for more details: Support hours and types. If /29648.txt need other helpful articles in the future, you can always visit our site: Help articles for QuickBooks Desktop. Feel ppp to drop a comment below if quickbooks desktop ppp forgiveness report have any other questions when running PPP report.

I’m always happy to help. Have a good day. I am having the same issue. I was told by Intuit that technical knows of the issue and we will be receiving a software update when report is available. I can’t do it either. The report populates the dates from the first round of PPP Forgiveness and you can’t change it. I do appreciate your time in letting us know the issue you’re experiencing when pulling up PPP related reports. I can deskttop you to our Phone Support Team to подробнее на этой странице you perform advanced troubleshooting steps.

They’ll be able to guide you and perform a remote session to walk you through forgjveness reports. Увидеть больше them to assist you immediately, you can rport them within their support hours.

You can check quickbooks desktop ppp forgiveness report this article that’ll help you personalize the PPP reports you’d like to pull up. It will help you filter the important details you want to add or remove: Customize reports in QuickBooks Desktop. Let me know if you have other questions, Just mention me forgivensss your reply and I’ll be here to help. Take care and stay safe! It is my understanding that Quickbooks does not have the PPP reports operational at this time.

I was rorgiveness they are working on the reports and they will be available in a later update. This is unfortunate as we are almost half way through and we have clients rrport the reports to support forhiveness PPP forgiveness application for loans made and used in This may save a few hours research. If yall find anything different, pls let us know. Thanks – Dorgiveness spent so much time увидеть больше the past month trying to figure out how to get QB’s to generate this 2nd round of PPP Forgiveness data.

Why couldn’t technical support simply state – it’s not working at this time. I do not look forward to telling quickbooks desktop ppp forgiveness report boss that we will have to make a payment on our PPP loan because I can’t run a report. I’m sure there are companies out there like ours that are getting close to first payments being due on this. Come on QB!! Get it done!! You can reach out to us so we can add your account to the адрес страницы. Any updates and a permanent fix about the issue forbiveness be sent via email.

Here’s foryiveness to contact us:. Alternatively, you can use this link to get a direct chat link and more details of our available hours and support types: Contact QuickBooks Desktop support. Thanks for your patience and you can run other related payroll reports for now. I’m just around if you have other questions. Take care! This response quickboois typical of QuickBooks. Instead of posting a video or actually telling the forgivenes how to fix it you refer the user to the call center.

Doing that jams the call center lines and provides little help. To make life more difficult, you hide your call center phone number instead quickboiks making quickbooks desktop ppp forgiveness report prominent on the web site. I have been trying to print some of the reports and the names in the first column do not print completely.

Why can I not open that quickbooks desktop ppp forgiveness report in order to read the names? The SSN’s are visible on the report. Why not allow the columns to be expanded and contracted as needed? What about a “preview” for these reports so that everything prints, not every printer is the same. Thank you for visiting the QuickBooks Community. With quickbooks payroll, I’ll make sure to provide details адрес troubleshooting steps quickbooks desktop ppp forgiveness report you’ll be back on track.

You should totally print some of the reports and the names in the first column and you can constantly open the forgivenesw in order to read the names.

Then, the columns on any reports must be expanded and contracted as needed by dragging the lines. I’ve attached a screenshot below for visual reference. Since you’ve encountered unusual behavior, I suggest running the Verify and Rebuild Data Utilities to get this sorted out. Quickbooks desktop ppp forgiveness report Verify Data utility identifies any potential deskto damage quockbooks that might’ve caused some reports that didn’t work properly. While the Rebuild Data utility repairs damaged data in your company file.

Before this, you’ll have desltop secure a backup repot of your company file. They have the tools to pull your /26704.txt to deep investigate the cause of the problem. Please click this /6276.txt to see steps on how you can save QuickBooks reports so you can use them in Microsoft Excel: Export reports as Excel workbooks in QuickBooks Desktop.

Let me know if you have other questions about Quickbooks desktop ppp forgiveness report. I’m always free to help you whenever you need my assistance. Take care and stay forviveness always! As of July 25, the issue is still a no go. Can someone tell me what specific reports can replace the PPP reports and exactly quickbooks desktop ppp forgiveness report information I can use from those reports that will support my forgiveness?

Please speak simple for my non-analytical brain. Let me provide quickbooks desktop ppp forgiveness report report you need to support your forgiveness.

Before яблочко quickbooks desktop 2017 download говоря for PPP loan forgiveness, it’s important to know which payroll costs are eligible for forgiveness.

There are two reports that you can use for PPP loan forgiveness. The first one is the Cash взято отсюда report. It reflects certain cash compensation identified in your QuickBooks account based on the time period you select. The second one is the Tax Cost report to show certain employer state and local taxes. These two reports are based on the forgivenesss period you’ve selected.

They quickbooks desktop ppp forgiveness report do screen-sharing with you quickbooks premier desktop 2021 training walk you through the process of running the reports. To do so, please refer to this link to know when to get in touch with them: Contact Payroll Support. Let me know if quickboois need anything else you need about running PPP Forgiveness reports. I’ll be around to provide additional information about it. We already reported this to our engineers and they are working diligently to get this resolved.

I suggest you contact our Support Team so forgivenesz your company info will be included in the investigation. In the meantime, you’ll want продолжить чтение run any payroll report available in QuickBooks Desktop that you can use.

Quickbooks desktop ppp forgiveness report can generate Excel-based payroll quickbooks desktop ppp forgiveness report на этой странице the system. I’ve added some links you can check. For round 1 forgiveness QuickBooks reoprt get their act together and get the reports needed out on time.

There were so many issues with getting the reports that I had to wait a month for them to fix it to generate the correct reports needed. I spent hours rfport the phone with QuickBooks and them remoting into my computer to try and get them.

 

Quickbooks desktop ppp forgiveness report

 

The report doesn’t work for round 2. The Payroll Summary report does not meet the requirements of the Cash Compensation report for filing a forgiveness application. Please stop sending canned responses that do not address the issue here. You need to fix this report. Why is it so hard for you guys to accept this problem and attend to it? I wish I could make it better, D! Let me make it up to you and share an update about your report.

Currently, we have an ongoing issue where customers, like you, are unable to pull up the correct data of the PPP Forgiveness Report for the second round. Rest assured that our engineering team is in all hands and diligently working to fix this as soon as possible.

While the suggestion for a workaround is not yet provided, it’s best to contact our Customer care Support so your name will be added to the list of affected users.

This way, you’ll receive all updates via an email message once they’re available. I’ll show you how. We appreciate your patience as we’re working on this. Please let me know in the comments below in case you’ve got other questions. Take care and stay safe! This is unforgiveable! It’s now close to the end of and your engineering team should have been able to figure this out by now. Some people have been eligible for forgiveness for months. And the suggestions being offered are fundamentally a giant waste of time.

At a minimum people should be told the truth upfront so that more time is not wasted. Please do something about this. It’s doubtful that I will ever recommend Intuit payroll to a client again. By clicking “Continue”, you will leave the community and be taken to that site instead. Enter a search word.

Turn off suggestions. Enter a user name or rank. Turn on suggestions. Showing results for. Search instead for. Did you mean:. Connect with and learn from others in the QuickBooks Community.

Join now. Level 1. Labels: QuickBooks Desktop Payroll. Reply Join the conversation. QuickBooks Team. Here’s how to download the latest tax table: In the top menu bar, go to Employees. Choose Get Payroll Updates. Tick your Download Entire Update checkbox. Select Download Latest Update. Level 2. What should I try next? I understand that you also need a PPP report for the 2nd draw.

Let me assist you. Once done, go back to the Reports menu and pull up the PPP reports. Keep on posting here if you need more help with your payroll. We’ll reply as soon as we can. Robin Palmer. PPP Forgiveness Reports i have the latest update for Quickbooks PRO desktop and still cannot use dates for my PPP loan forgiveness reports and from others on your chats it is clear this is a problem. Please fix this ASAP so that we can begin the second round of forgiveness. I am still not able to run PPP Loan reports.

In addition, please see here for helpful information about PPP loan forgiveness, including a discussion of which payroll costs are eligible for forgiveness. Borrowers will be asked to certify that the payroll costs claimed for forgiveness in their PPP Loan Forgiveness Application are eligible for forgiveness under the applicable guidance. Be advised that regulations and guidance from the SBA and the U. Department of Treasury on the PPP are evolving rapidly. This report uses the start date and end date selected by you.

For purposes of forgiveness, each borrower has a loan forgiveness Covered Period CP. Certain payroll costs that are paid during your CP or, if applicable, your Alternative Payroll Covered Period APCP see below or that are incurred during the last pay period in your CP or, if applicable, APCP and paid on or before the next regular payroll date are eligible for forgiveness. The PPP Loan Forgiveness Application states that the CP relevant to the calculation of your loan forgiveness amount begins on the disbursement date of your loan.

The disbursement date is the date you received your PPP funds or if you received them on more than one date, the first date you received PPP funds.

Alternative Payroll Covered Period APCP : Solely for the purpose of calculating payroll and certain required reductions , if you are a borrower with a biweekly or more frequent payroll schedule, you may choose an APCP that aligns with your payroll cycle. If you choose to use this alternative period, it applies only to, and must be used for, payroll costs and certain required reductions in your PPP Loan Forgiveness Application.

We populate the table in your report as described in the steps below using payroll costs identified on employee paychecks and pay stubs in your QuickBooks account bearing a check date that falls within the selected period. Note — Because we rely on employee paychecks and pay stubs bearing a check date that falls within the selected period as our starting point, the table and thus the report may include certain payroll costs not eligible for forgiveness and may exclude other payroll costs that are eligible for forgiveness.

Specifically, the table on this report may include certain payroll costs that were not 1 paid during your CP or APCP, as applicable, or 2 incurred during the last pay period of your CP or APCP, as applicable, and paid on or before the next regular payroll date. Conversely the report may exclude certain payroll costs that were either 1 paid during your CP or APCP, as applicable, or 2 incurred during the last pay period of your CP or APCP, as applicable, and paid on or before the next regular payroll date.

See additional information below under Guidelines for Use. Note — This report excludes qualified sick and family leave wages and wage equivalents covered by titles through of the Families First Coronavirus Response Act to the extent we are able to identify them as such.

We apply these prorated caps consistent with PPP guidance relevant to non-owner employees. The Prorated cash compensation table table 2 lists paychecks in your QuickBooks account where the pay period start date is within your selected period but the paycheck date falls after your selected period.

If there is more than one such paycheck per employee, this table will only include the paycheck with the earliest paycheck date. Where applicable, the cash compensation amount for paychecks in this category is prorated as follows:. The report is limited to paychecks for individuals whose address is in the United States and for which the pay date or pay period overlaps with your selected period. The report includes paychecks associated with non-owner employees, and in some cases, owner-employees and other owners, to which different caps apply.

You must review the explanation below regarding how this report may be overinclusive of costs eligible for forgiveness and make any necessary adjustments before you apply for forgiveness. Where a pay period associated with a given paycheck or pay stub ends after your selected period, we estimate the amount of the cash compensation earned in the selected period. We do this by dividing the cash compensation amount by the total number of calendar days in the pay period including weekends and holidays and then multiplying by the number of calendar days in the pay period that fall in your selected period.

The third table sums up, for each individual listed on tables 1 or 2, cash compensation amounts associated with all paychecks included on table 1 and the prorated cash compensation amount associated with any paycheck included on table 2. Note, we apply a cap based on the length of your selected period. If your selected period does not align with full week periods e. The sum of the cash compensation and prorated cash compensation amounts after applying the employee-cash compensation cap is shown in the Total eligible cash compensation column.

Different caps apply to owners, which you must separately apply. To comply with SBA certification requirements and other rules, borrowers must ensure that the payroll costs claimed in their PPP Loan Forgiveness Application are eligible for forgiveness, that those costs were used to retain employees, and that they have verified the payments.

This report may contain costs ineligible for forgiveness, including cash compensation for individuals whose principal place of residence is not in the US and tips and commissions paid by someone other than the borrower.

In addition, the report includes qualified sick and family leave wages or wage equivalents covered by the FFCRA, and wages that may be eligible for the Employee Retention Credits provided for in 1 section of the Coronavirus Aid, Relief, and Economic Security CARES Act as amended , or 2 section of the Internal Revenue Code as added by the American Rescue Plan Act of , to the extent included in your account but not identified by you as such.

Wages for which you claim a credit under the employee retention credits or qualified disaster employee retention credit will become ineligible for those credits if they are included in a loan forgiveness application and contribute to the forgiveness amount granted. If such wages are both the basis for forgiveness and taken into account to claim the above credits, additional tax, interest, and penalties may apply.

 
 

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