Tradespeople (Plumbers, Electricians) + PPP & EIDL Documentation: The Challenge
As tradesperson, 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 Tradespeople (Plumbers, Electricians) with PPP & EIDL Documentation
Convert your bank statements to Excel to track job payments, match material purchases, and get your books ready for self-assessment without hours of data entry. For ppp & eidl documentation specifically, BankScan AI extracts Payroll costs (must be at least 60% of PPP funds), rent, utilities, mortgage int automatically.
How Tradespeople (Plumbers, Electricians) Handle PPP & EIDL Documentation
When preparing bank statements for ppp & eidl documentation, tradespeople (plumbers, electricians) need to Tradespeople receive customer payments via bank transfer, cash, or card, purchase materials from builders' merchants and wholesalers, pay for van fuel. BankScan AI automates the data extraction step.
Key terms you'll encounter: day rate, materials markup, call-out charge, retention.
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 tradespeople (plumbers, electricians) 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 Tradespeople (Plumbers, Electricians) — PPP & EIDL Documentation
- Built for Tradespeople (Plumbers, Electricians) — Saves 2-3 hours per month on expense categorisation and receipt matching, with year-end self-assessment preparation reduced from a full day to under 2 hours
- Software compatible — Output works directly with QuickBooks Self-Employed, FreeAgent, Excel
- 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: Tradespeople (Plumbers, Electricians) + PPP & EIDL Documentation
When tradespeople (plumbers, electricians) prepare bank statements for ppp & eidl documentation, specific compliance requirements apply.
- Self-employed tradespeople must register with HMRC and file self-assessment returns. CIS applies if working as a subcontractor in construction. Gas Safe registration (gas engineers), NICEIC/NAPIT (electricians), and other trade body memberships have costs that must be tracked. VAT registration is required above the threshold.
- 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 Tradespeople (Plumbers, Electricians)
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 — Tradespeople (Plumbers, Electricians) + PPP & EIDL Documentation