Guidance on how to spend, account for, and track for maximum loan forgiveness

This webinar is for nonprofit financial leaders who have received a Paycheck Protection Program (PPP) loan or expect to in the near future. Many are wondering: “now what?” How do I manage this loan properly, and very importantly, how do I get it forgiven?

In this session, Gina McDonald, CPA of FMA will share detailed guidance for nonprofit leaders, including:

  • how organizations can and cannot spend the funds
  • how to properly account for and track the funds
  • what we know to-date about how forgiveness will be calculated
  • strategies for what to do if a portion of the loan was not needed
  • other decisions related to PPP that organizations may need to make (e.g., how will this funding interact with restricted revenue that has been received).