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PPP Forgiveness Guide: Qualified Expenses, Forgiveness Rules, & How To Apply

    Jason Vissers
  • 105 comments
  • Updated on:
Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.
Jason Vissers

Jason Vissers

Expert Analyst & Reviewer at Merchant Maverick
Jason Vissers has been researching, analyzing, and writing about small business software and finance since 2015. His financial expertise has been cited in numerous publications, including The Ladders. Jason graduated with a Political Science degree from San Diego State University in 2001.
Jason Vissers
View Jason Vissers's professional experience on LinkedIn.

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105 Comments

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    E Landau

    Please advise if monthly fees paid to an accounting firm is eligible for PPP Forgiveness.
    Thank you.

      Erica Seppala

      Hi there!
      Under the SBA’s rules for the PPP loan, accounting services are a covered operational expense. When applying for forgiveness, make sure to include proper documentation of accounting fees that were paid. Per the SBA, documentation may include “invoices, orders or purchase orders paid, and receipts, cancelled checks or account statements.” Good luck!

        Julie Bushor

        I have a question regarding covered supplier costs. Are we able to include costs for materials needed in production or equipment repairs, as long as the purchase order was before the covered period (we do not have perishable items), but paid during the covered period? I just need a better understanding of what I can use in this category. Thanks.

          Erica Seppala

          Hi Julie!

          According to the SBA, supplier costs are covered if the supplies being purchased are essential for the business. Additionally, the SBA says that payments made to “suppliers of goods pursuant to contracts, orders, or purchase orders in effect before the covered period” are covered. If the purchase order was in place prior to the covered period and the supplies were essential to your business, this should be a forgivable expense, even if the payment was made during the covered period.

            Julie Bushor

            Thank you so much.

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            Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.

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