Many churches that applied for and received a Paycheck Protection Program (PPP) loan have questions about the proper accounting treatment for the loan proceeds. We've put together answers to some of the most common questions, such as how and when to recognize the forgivable portion of the PPP loan as revenue, how to report the proceeds on your financial statements, and more.
To get your copy of "FAQs About Accounting for Paycheck Protection Program Loan Proceeds," please complete the form.
You can find additional resources for church leaders on our website.
Please send me a copy of "FAQs About Accounting for Paycheck Protection Program Loan Proceeds"