Have you applied for the loans offered by the CARES act?  How was your experience in submitting the application?  Where you able to easily find your numbers to complete the application?  Or, did you avoid it altogether because it just seem too complicated.

If you did apply and you were fortunate enough to have received funding from either the EIDL or the PPP loan, ideally, you should try to keep those funds separate, either in a separate checking account or savings account and be sure to track all the expenses that qualify for the forgiveness. There are ways to track, using class tracking in QuickBooks desktop or QuickBooks Online.

If you have not applied, don’t hesitate to submit your application. Contact your bank, don’t let the news media or social media discourage you from applying, but you should act quickly.

Black River Bookkeeping LLC is here to assists you with your bookkeeping and payroll needs.  Contact us for help via our website www.blackriverbookkeepingllc.com  and sign up for our monthly newsletter with QuickBooks Desktop and QuickBooks Online tips.

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