CPAs (Certified Public Accountants) + PPP & EIDL Documentation: The Challenge
As cpa, preparing bank statements for ppp & eidl documentation is a common but time-consuming task. PPP and EIDL loan recipients need bank statements to document eligible expenses, payroll costs, and fund usage for SBA forgiveness applications and ongoing compliance.
How BankScan AI Helps CPAs (Certified Public Accountants) with PPP & EIDL Documentation
BankScan AI converts any US bank statement PDF to Excel instantly — supporting Chase, Bank of America, Wells Fargo, Citi, and 30+ US banks for seamless client work. For ppp & eidl documentation specifically, BankScan AI extracts Payroll costs (must be at least 60% of PPP funds), rent, utilities, mortgage int automatically.
How CPAs (Certified Public Accountants) Handle PPP & EIDL Documentation
When preparing bank statements for ppp & eidl documentation, cpas (certified public accountants) need to CPAs receive client bank statements for tax return preparation, financial statement compilation and review, and audit procedures. They reconcile bank . BankScan AI automates the data extraction step.
Key terms you'll encounter: bank confirmation, reconciling items, substantive testing, adjusted trial balance.
How It Works
Upload bank statement PDFs
Supports all major banks. Upload 8-24 week covered period for PPP forgiveness; EIDL loan term (up to 30 years) with ongoing compliance documentation of fund usage of statements for ppp & eidl documentation.
AI extracts what you need
Our AI extracts Payroll costs (must be at least 60% of PPP funds), rent, uti — formatted for cpas (certified public accountants) workflows.
Complete your ppp & eidl documentation work
Download Excel files ready for ppp & eidl documentation. Expenses categorized by PPP-eligible category (payroll, rent, utilities, etc.) with dates proving they fall within the covered period; FTE headcount evidence from payroll transactions
Supported Banks
BankScan AI works with all major UK and US banks, including:
Features for CPAs (Certified Public Accountants) — PPP & EIDL Documentation
- Built for CPAs (Certified Public Accountants) — Saves an average of 30 minutes per client per engagement on bank statement data entry, or 10+ hours per week during busy season for a firm with 200+ clients
- Software compatible — Output works directly with QuickBooks Online, Sage Intacct, CCH Axcess
- Built for PPP & EIDL Documentation — Convert bank statements to structured spreadsheets to document PPP-eligible expenses, track EIDL fund usage, and prepare forgiveness application supporting documents.
- Key data extracted — Payroll costs (must be at least 60% of PPP funds), rent, utilities, mortgage interest, covered operations expenditures, PPP fund receipt and disbursement dates
Compliance: CPAs (Certified Public Accountants) + PPP & EIDL Documentation
When cpas (certified public accountants) prepare bank statements for ppp & eidl documentation, specific compliance requirements apply.
- CPAs must comply with AICPA professional standards and state board licensing requirements. GAAP and GAAS standards govern financial statement preparation and auditing. IRS Circular 230 governs tax practice. Peer review requirements apply to firms performing audits. Client records must be retained per state-specific rules, typically 5-7 years.
- Legal basis: CARES Act section 1106 (PPP forgiveness); Economic Aid Act (PPP Second Draw); SBA Interim Final Rules on PPP forgiveness (85 FR 33004)
PPP & EIDL Documentation — Built for CPAs (Certified Public Accountants)
PPP forgiveness applications should be submitted within 10 months of the covered period end to avoid loan repayment starting; SBA OIG audits can occur years after forgiveness
Try Free — CPAs (Certified Public Accountants) + PPP & EIDL Documentation