PPP Applicable Payroll Costs Report for Loan Forgiveness

PPP Applicable Payroll Costs (B639) is a custom payroll report provided by ASAP Accounting & Payroll to clients that request our PPP Forgiveness Support Services. 

This report tracks specific payroll costs for Paycheck Protection Program (PPP) loan forgiveness as defined under the CARES Act. The PPP-specific definition of payroll costs excludes certain traditional payroll expenses from the calculation, such as employer-paid Social Security & Medicare tax expenses. This report allows users to select which earnings codes to track in order to calculate the gross wages amount, which excludes FFCRA and ERC wages, and nontaxable payments that are not allowable uses of funds under PPP.

Disclaimer: This information is provided as a self-help tool and does not constitute legal or financial advice. Laws, regulations and lending products are changing daily and decisions as to whether or how to use this information and/or what actions to take in response to the COVID19 Pandemic are solely those of the employer. The providers of this information disclaim any and all responsibility and liability for its accuracy, completeness or fitness for your particular business purposes.