Financial Advisory Blog

Armanino’s Financial Advisory blog is your source for thought leadership around cloud ERP and accounting solutions and integrations. Supported by the Cloud Accounting Institute and numerous experts in cloud, finance, reporting, integration, compliance, and technology, Armanino’s Financial Advisory blog features must-read content on what’s happening in the finance industry, case studies, white papers, and much more.

July 23, 2020

How do I handle COVID-19 sick leave pay and associated hours that are not to be included on my PPP loan forgiveness application?

Posted by Armanino Financial Advisory Team

You are correct that those are not forgivable expenses because they were covered already under a different federal program. For purposes of the calculation model, simply make a note in cell C11 of the Pay Cycle 1 tab that instructs the reviewer to see a supplemental schedule that details such exceptions, then create that schedule and include it in your upload to the portal.

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