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).
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