February 3, 2021 By Suzanne Robertson

An important component of Paycheck Protection Program (PPP) loans that can be difficult for business owners to analyze is payroll calculation. This important number is used to determine your total PPP loan amount.

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Using payroll numbers to calculate your PPP loan amount

The maximum for this round of PPP loans is $2 million, less than the $10 million cap for PPP's first round. As was the case with the original PPP, actual loan amounts will be based on an applicant's payroll.

More information is available from the SBA’s website.

If you use a payroll provider, tools are available to help you more easily calculate your payroll costs. Here are popular software companies offering payroll calculation information.


ADP® payroll calculation guidelines

To help determine the maximum loan amount that your company can request, use the CARES SBA-PPP: Monthly Payroll Cost Report from ADP. This 6 page report has information about payroll costs and how they relate to the total PPP loan amount.

If you’re a current ADP customer, here’s how to access the report:

  • Login to RUN Powered by ADP®.
  • You will see a pop up, click learn more.
  • On the next screen, click Run my payroll report button.
  • On the next screen, confirm your dates and access your report.

Gusto® payroll calculation guidelines

Gusto has created a resource called the Paycheck Protection Program (PPP) report to help customers apply for a PPP loan.

If you’re a Gusto customer, you can access this report through both the COVID-19 and Reports tab of your Gusto account. If you’re not a customer, access the report here.

You’ll learn about calculations for seasonal businesses, newly formed businesses, and more. The report outlines CARES Act requirements and is updating with new information as the lending landscape evolves.



This small business supporter has updated their Paycheck Protection Program payroll data report in light of new PPP regulations. The new report removes employer social security and Medicare (FICA) from the final calculations, per the new guidance issued by SBA. The final calculations seen in the report are accurate per the guidance issued April 6, 2020.

For more information about how SurePayroll can help you with your PPP application calculations, visit their site here.


Mazars Tool

If you don’t use a payroll processor, Mazars USA LLP, a national accounting, tax, and consulting firm, announced in April that they have launched a tool to help small businesses calculate the amount they are eligible to receive from the PPP. This tool is available for small businesses, CFOs, and accounting firms to help them navigate the complex program, increasing the speed of the application process.

The Marzars tool was created to help:

  • Accurately calculate your potential PPP loan amount
  • Accurately calculate the 8-week loan forgiveness with the ability to calculate multiple scenarios
  • Accurately calculate loan forgiveness
  • Make better business decisions to aide with short term business objectives
  • Understand the patterns and the effects of the loan amortization and the amount of loan coverage for a 2-year period

The tool, which is available for a one-time purchase, can be downloaded here. For questions about the PPP or the PPP Analysis Tool from Marzars, please contact info@mazarusa.com.


Intuit Online Payroll

Reports in Intuit Online Payroll Below are the payroll reports available in Intuit Online Payroll, and here's how you access:

  1. Go to Reports and select Payroll Summary
  2. You can filter the report by date range, employee, or work location
  3. Select Update Report.
  4. Export and print

You have the option to export the report in an excel file and print it. Just select View in Excel at the bottom. If you choose to print the same view as you have in your online payroll, select Printer-Friendly Version at the bottom.



JustWorks is a software solution offering payroll, benefits, HR, and compliance services. To access pertinent reports, follow these easy steps:

  1. Go to Company > Reports to find the Paycheck Protection Program report.
  2. Once you click into the report, you'll see the different options of date ranges , as well as information about form 941 and PEO Letters. You'll also see options for a more detailed report, as well as one that more easily pulls into PDF format.

OnPay PPP Reports

OnPay allows you to run payroll in minutes by using intuitive payroll entry and integrations speed up your small business.

How to run a Paycheck Protection Program (PPP) report in OnPay:

  1. From the main dashboard, navigate to COVID-19 in the blue side menu.
  2. On this page, you will see that in the first section you have the option to run a PPP report.
  3. Click the blue PPP Report button. Select the date range, and click View Report. Note: If you were not a client of OnPay for the full date range selected, you may need to obtain additional data from your prior provider or your own records.

Patriot Software

If you are a Patriot payroll customer and need to find your average monthly payroll to apply for the PPP, you can find your payroll details in Patriot Software: Payroll Details Report

  1. Find the Payroll Details Report under Reports > Payroll Reports > Payroll Details.
  2. Enter the Start and End Dates you need.
  3. Make sure all of your employees are selected, and all Sources are selected.
  4. For “Group By,” choose “Totals.”

PrimePay Payroll

PrimePay Payroll is an online payroll service designed d for small businesses. The Monthly Payroll Cost for PPP Report can now be found by following the steps below:

  1. From the Dashboard, select Reports
  2. Click on the Employer Tab
  3. Scroll down to the Monthly Payroll Cost for PPP and click on the green Run button.
  4. Select Monthly Payroll Cost for PPP in the drop-down and then click the green Run button
  5. The date range can be changed by selecting a different option on the right-hand side and then clicking the green Regenerate.


Square Payroll allows you to pick a custom time span and download a .xls file showing either all paycheck statistics, the employee totals, employee paystubs, or the business totals, in addition to being able to download the details for a single payroll or a single paycheck.

Reports for the PPP application can be downloaded as well. Note: At this time, these reports can only be downloaded from a computer and are not currently available for download through the Square Payroll app.
To download a PPP report:

  1. Visit the History & Reports tab of your online Payroll dashboard.
  2. Click Payroll Reports.
  3. Select the report type: * Paycheck Protection Program Regular:

Average monthly payroll (AMP) will automatically be calculated based on your first pay date through Square Payroll: Click Download to download a spreadsheet containing your requested details. The “date range” and “team member” fields are not required for PPP reports.



Paychex is staying on top of regulatory developments and has already begun the work to revise their PPP Data Report to implement new guidance.

In the meantime, if you want to apply for a PPP loan using the prior version of your Paychex PPP Data Report, you can simply take the Total line of the “Employer FICA Taxes” column, divide by the number of months (generally 12), and subtract it from your “Average Total Payroll Costs” to reasonably estimate your new monthly average payroll costs for the loan application.

Once the new version of the Paychex PPP Data Report is released, it will be available for all online Paychex Flex® users to download. If you use Paychex Flex, the new report will be available within the Quick Reports section of your dashboard.

For business owners not using Paychex, you can complete this form to be put in touch with a Service Specialist who can assist you.

If you aren’t currently using a payroll processor but might in the future, check out user reviews on Capterra® to help you make the best decision for your unique business: Best Payroll Software for Small Business.

Are tax documents needed?

In addition to payroll costs, banks may also ask prospective small business borrowers for proof the business was operating as of February 15, tax forms for workers from 2019, and documentation regarding health insurance premiums they pay, among other things. This can vary by lenders so be sure to check the specific guidelines.

Tax transcripts may be requested by submitting an IRS Form 4506-T to the Internal Revenue Service in order to obtain federal income tax information on borrowers for the last 3 years.

For quicker responses, the Internal Revenue Service (IRS) has implemented the Income Verification Express Service (IVES) program which is an expedited service that lenders can use to confirm the income of a borrower during the processing of a loan application. Under IVES, the IRS can electronically provide tax return transcript generally within two business days to a third party with the consent of the taxpayer.

More information on how to obtain access to and utilize the IVES system can be found here.