Payments Using a Debt Forgiveness Transaction Type
This knowledge base article is also available as a video: Q: How do you add a Debt Forgiveness-Full transaction type? A: In the Payments menu > Transactions menu: * Click on +Add * Select Debt Forgiveness-Full transaction type * Enter Effective Date * Click Save Q: What happens when I us…
PPP Forgiveness: Covered Period
Questions about Covered Period Start and End dates? * Please read the definition of Covered Period and/or Alternative Payroll Covered Period in the Form 3508/3508 EZ Instructions for Borrowers- screenshot below. To access the full instructions for the Paycheck Protection Program Forgiveness Application For…
PPP Forgiveness - 60% Payroll Requirement Calculation
The 60% Payroll Requirement calculation is to establish what could be the maximum amount based on 60% of the payroll cost. The calculation is as follows: * Payroll Costs (Line 1) / .60 Within Ventures the interface will display as shown below (keep reading below the image): * This calculation establish…
