Each workbook contains instructions, the loan forgiveness calculator, determination of your fte (full time equivalent), actual tracking of costs template, a certification template and two examples so you can “see the math” in action. Round up to the nearest tenth (i.e.
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Each workbook contains instructions, the loan forgiveness calculator, determination of your fte (full time equivalent), actual tracking of costs template, a certification template and two examples so you can “see the math” in action.
Fte calculation worksheet excel ppp. Fte reduction safe harbor 2 (using same calculation method used in the column labeled average fte): When requesting forgiveness, the borrower may elect to use 1.0 for employees who work 40 hours or more per week and 0.5 for employees who work less than 40 hours per week. This calculator will assist in calculating the ftes under 2 options:
There are two ways to calculate fte to prove you maintained fte employee levels (the sba allows ppp loan recipients to use either calculation on their loan forgiveness application, as long as the calculation remains consistent). The sba recently released the ppp loan forgiveness application. Ppp schedule a worksheet has table 1 and table 2 which asks for employee name, employee identifier, cash compensation, average fte, and salary/hourly wage reduction.
Whichever method is chosen must be used consistently. To aid you in this process, we’ve prepared a few excel workbooks which you can download by clicking the link below. Divide by 40 and round to the nearest tenth to get your fte calculation.
This worksheet will help determine the most advantageous comparison period for your loan forgiveness. Please read the instructions in the worksheet which indicate how to use the resources as intended. Boyer & ritter is pleased to have provided a free comprehensive tool, designed through a collaboration with albin, randall & bennett cpas, and downloaded more than 100,000 times by business leaders across the nation for critical loan forgiveness planning during the first round of ppp funding.
Fill out the form to get our free loan forgiveness calculator spreadsheet, including: Most practices will benefit from the utilization of the simplified calculation method opposed to the more detailed calculation. Forgiveness ppp schedule a ppp worksheet table 1 ppp worksheet table 2 ppp salary reduction step 1 ppp salary reduction step 2 ppp salary reduction step 3 employee worksheet • highlighted cells on worksheets are to be completed by you.
Complete all information on employee worksheet. Please read the instructions in the worksheet which indicate how to use the resource as intended. The fte reduction exceptions apply to all employees, not just those who would be listed in table 1 of the loan forgiveness application.
However, we think it is prudent to use this worksheet to work through both the fte calculation and wage reduction calculation. Strategy in figuring your fte’s. Ppp schedule a worksheet is not required to be submitted to the lender;
Staffing plan template 7 hrs x 22 We've created a free spreadsheet to help you walk through the application process. This amount will come from the fte calcs for safe harbor tab or you can manually enter amount.
The first way to calculate fte is to take the average number of hours paid each week, divide by 40, and round to the nearest tenth. Borrowers are allowed a simplified calculation method option if they choose, to assign 1.0 to employees who work 40 hours or more and 0.5 to employees who work fewer than 40 hours. The ppp provides two possible comparison periods to determine any reduction in full time equivalent employees, as well as two different ways of calculating each employee's fte.
Fte loan forgiveness calculation #1. Staffing challenges have understandably created concerns relating to the amount of ppp loan forgiveness reduction borrowers might face under the original calculation previously provided. If step 3 is no, then this should be blank.
This can be calculated either by counting hours, dividing by 40 and rounding to the nearest tenth (provided that no individual can be more than one fte), or a simplified method treating all 40+ hour employees as one fte each and all employees under 40 hours/week as 0.5 fte each. The cost worksheet tables allow you to modify costs as they change without modifying any cost formulas in the workload/fte sheet. When calculating the fte reduction exceptions in table 1 of the ppp schedule a worksheet on the loan forgiveness application, do borrowers include employees who made more than $100,000 in 2019 (those listed in table 2 of the ppp schedule a worksheet)?
30 / 40 =.75, round to.8) maximum amount for each fte is 1.0; Workload, fte, & cost calculation workbook guide this staffing plan template calculates workload, fte (full time equivalent) requirements, and process activity costs. Divide the average weekly hours by 40.
For example, if you have 3 employees who consistently worked 20 hours a week, altogether they would count as 1.5 fte. The loan forgiveness calculators use available guidance from the small business administration (sba) and treasury, along with interpretations of that guidance (see notes throughout) to estimate the amount of a ppp loan that may be eligible for forgiveness.
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