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.

August 4, 2020

How will I know if we’ll be forgiven the loan amount if I cannot see whether we’ll be forgiven on the 8th tab for the forgiveness data entry? My form is giving me zeros (I have the older Excel).

Posted by Armanino Financial Advisory Team

You will be sent a replica of Schedule A after the initial review is completed, but before your forgiveness application becomes “official,” which is defined as certifying and signing the completed application. This replica will contain all the correct and approved numbers for each line of Schedule A, which then feeds into the Application itself. You will also receive in the same email an unlocked copy of the Forgiveness Calculation Model for your records, which will show how each of the numbers was determined.

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