REPORTING PPP LOANS ON A FINANCIAL STATEMENT - Spidell

REPORTING PPP LOANS ON A FINANCIAL STATEMENT

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Message Board REPORTING PPP LOANS ON A FINANCIAL STATEMENT

  • This topic has 1 reply, 2 voices, and was last updated 1 week, 6 days ago by William Dewberry.
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    • #265968
      Earline La Buy
      Participant

      I am looking for a publication that will guide me on how to account for the PPP loan on a financial statement. All replies appreciated.

    • #266038
      William Dewberry
      Participant

      Well, Im reporting it as a liability on the balance sheet until forgiven, and the note is cancelled.

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