{"id":76166,"date":"2023-02-14T07:52:41","date_gmt":"2023-02-14T11:52:41","guid":{"rendered":"https:\/\/www.askforaccounting.com\/?p=76166"},"modified":"2023-02-14T07:52:41","modified_gmt":"2023-02-14T11:52:41","slug":"sage-50-paycheck-protection-program-ppp-loan-account-setup","status":"publish","type":"post","link":"https:\/\/www.askforaccounting.com\/sage\/sage-50-paycheck-protection-program-ppp-loan-account-setup\/","title":{"rendered":"Apply and Setup Paycheck Protection Program Loan in Sage 50"},"content":{"rendered":"\n<p>Sage can give you the most advanced and latest tools. Paycheck protection program loans are a much-needed lifeline for small businesses. The loans can be for 2.5-time payroll costs, up to $10 million, and feature an enriched and streamlined application process and fewer requirements. In today&#8217;s article, we are going to talk about setting up the paycheck protection program loan account, preparing for the paycheck protection program, and applying for a paycheck protection program loan in Sage 50.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.askforaccounting.com\/sage\/sage-50-paycheck-protection-program-ppp-loan-account-setup\/#Information_about_Paycheck_Protection_Program_Loan\" >Information about Paycheck Protection Program Loan<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.askforaccounting.com\/sage\/sage-50-paycheck-protection-program-ppp-loan-account-setup\/#Where_you_can_use_PPP_Loans\" >Where you can use PPP Loans<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.askforaccounting.com\/sage\/sage-50-paycheck-protection-program-ppp-loan-account-setup\/#How_to_Set_up_and_Applied_for_a_Paycheck_Protection_Program_Loan_in_Sage_50\" >How to Set up and Applied for a Paycheck Protection Program Loan in Sage 50<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.askforaccounting.com\/sage\/sage-50-paycheck-protection-program-ppp-loan-account-setup\/#Set_up_the_Paycheck_Protection_Program_Loan_Account\" >Set up the Paycheck Protection Program Loan Account<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.askforaccounting.com\/sage\/sage-50-paycheck-protection-program-ppp-loan-account-setup\/#Step_1_Create_a_New_Account_for_Tracking_the_Loan\" >Step 1: Create a New Account for Tracking the Loan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.askforaccounting.com\/sage\/sage-50-paycheck-protection-program-ppp-loan-account-setup\/#Step_2_Set_up_the_Loan_Vendor\" >Step 2: Set up the Loan Vendor<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.askforaccounting.com\/sage\/sage-50-paycheck-protection-program-ppp-loan-account-setup\/#Step_3_Record_Receipts_of_the_Loan_Proceeds\" >Step 3: Record Receipts of the Loan Proceeds<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.askforaccounting.com\/sage\/sage-50-paycheck-protection-program-ppp-loan-account-setup\/#Applied_for_a_Paycheck_Protection_Program_Loan\" >Applied for a Paycheck Protection Program Loan<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.askforaccounting.com\/sage\/sage-50-paycheck-protection-program-ppp-loan-account-setup\/#Who_is_allowed_to_Use_the_PPP_loan_amount\" >Who is allowed to Use the PPP loan amount?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.askforaccounting.com\/sage\/sage-50-paycheck-protection-program-ppp-loan-account-setup\/#Requirements_to_apply_for_PPP_loans\" >Requirements to apply for PPP loans<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.askforaccounting.com\/sage\/sage-50-paycheck-protection-program-ppp-loan-account-setup\/#Key_steps_that_need_to_apply_for_a_Paycheck_Protection_Program_PPP_Loan_in_Sage_50\" >Key steps that need to apply for a Paycheck Protection Program (PPP) Loan in Sage 50<\/a><ul class='ez-toc-list-level-5' ><li class='ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.askforaccounting.com\/sage\/sage-50-paycheck-protection-program-ppp-loan-account-setup\/#Create_a_new_account_to_monitor_loans\" >Create a new account to monitor loans:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.askforaccounting.com\/sage\/sage-50-paycheck-protection-program-ppp-loan-account-setup\/#Set_up_a_vendor_account\" >Set up a vendor account:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.askforaccounting.com\/sage\/sage-50-paycheck-protection-program-ppp-loan-account-setup\/#Create_nominal_ledger_accounts\" >Create nominal ledger accounts:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.askforaccounting.com\/sage\/sage-50-paycheck-protection-program-ppp-loan-account-setup\/#Record_Receipts_of_the_loan_proceeds\" >Record Receipts of the loan proceeds:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.askforaccounting.com\/sage\/sage-50-paycheck-protection-program-ppp-loan-account-setup\/#Now_you_have_recorded_receipt_of_the_loan\" >Now you have recorded receipt of the loan<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\" id=\"information-about-paycheck-protection-program-loan\"><span class=\"ez-toc-section\" id=\"Information_about_Paycheck_Protection_Program_Loan\"><\/span>Information about Paycheck Protection Program Loan<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The <a href=\"https:\/\/www.sba.gov\/funding-programs\/loans\/covid-19-relief-options\/paycheck-protection-program\" target=\"_blank\" rel=\"noopener\">Paycheck Protection Program<\/a> (PPP) is a loan intended to provide small businesses with a direct incentive to keep their employees on the payroll. SBA can repay loans if all workers are placed on the payroll for eight weeks and the money is used for salaries, rent, mortgage interest, or utilities.<\/p>\n\n\n\n<p>You can apply through any current SBA 7(a) lender or any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Once accepted and enrolled in the system, other limited lenders would be eligible to make such loans. You can contact your nearest lender to see if they are involved in the program.<\/p>\n\n\n\n<p>To record and track from care acts H.R. 748 Payroll Protection Program in Sage 50, you need to first set up your loan account, and loan vendor, record receipt of the loan, and record loan expenses. After this, you can easily track and manage this activity from your Sage account.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"where-you-can-use-ppp-loans\"><span class=\"ez-toc-section\" id=\"Where_you_can_use_PPP_Loans\"><\/span>Where you can use PPP Loans<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Once the PPP Loan is with you, it can be used for below :<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Payroll costs, including benefits<\/li>\n\n\n\n<li>Interest on mortgage obligations, incurred before 15 February 2020<\/li>\n\n\n\n<li>Rent under a lease agreement in force before 15 February 2020<\/li>\n\n\n\n<li>Utilities for which services start before 15 February 2020<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"how-to-set-up-the-loan-account-in-sage-50\"><span class=\"ez-toc-section\" id=\"How_to_Set_up_and_Applied_for_a_Paycheck_Protection_Program_Loan_in_Sage_50\"><\/span>How to Set up and Applied for a Paycheck Protection Program Loan in Sage 50<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>It is always recommended to create a separate cash account, both in Sage 50 and at the bank, to deposit the loan proceeds and track the related COVID-19 expenditures. A separate account is more audit-friendly and creates a clear audit trail. This will help in maximum loan forgiveness. Just follow the mentioned processes that help you to easily apply for and set up the paycheck protection program loan in Sage 50.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Set_up_the_Paycheck_Protection_Program_Loan_Account\"><\/span>Set up the Paycheck Protection Program Loan Account<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"step-1-create-a-new-account-for-tracking-the-loan\"><span class=\"ez-toc-section\" id=\"Step_1_Create_a_New_Account_for_Tracking_the_Loan\"><\/span>Step 1: Create a New Account for Tracking the Loan<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Open a <strong>bank account<\/strong> and deposit the loan amount.<\/li>\n\n\n\n<li>After that set up the <strong>cash account<\/strong> in sage 50.<\/li>\n\n\n\n<li>Create a new <strong>liability account<\/strong>, it should be tracked as a liability until you know how much the loan will be forgiven.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"step-2-set-up-the-loan-vendor\"><span class=\"ez-toc-section\" id=\"Step_2_Set_up_the_Loan_Vendor\"><\/span>Step 2: Set up the Loan Vendor<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Set up the PPP lending institution as a new vendor and enter the loan <strong>liability account<\/strong> as the default expense account.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"step-3-record-receipts-of-the-loan-proceeds\"><span class=\"ez-toc-section\" id=\"Step_3_Record_Receipts_of_the_Loan_Proceeds\"><\/span> Step 3: Record Receipts of the Loan Proceeds<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>After receiving the money, <strong>submit<\/strong> it to your new bank account and record the transaction in Sage 50 using the receive money window.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Applied_for_a_Paycheck_Protection_Program_Loan\"><\/span>Applied for a Paycheck Protection Program Loan<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>PPP loans are considered a direct incentive for small organizations to keep their employees on the payroll without any interruption.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"who-all-are-allowed-to-use-the-ppp-loan-amount\"><span class=\"ez-toc-section\" id=\"Who_is_allowed_to_Use_the_PPP_loan_amount\"><\/span>Who is allowed to Use the PPP loan amount?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>When you receive the funds you can use them for the following:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Payroll expenditures along with benefits<\/li>\n\n\n\n<li>Services adequacy started previously on 15 February 2020<\/li>\n\n\n\n<li>Interest on mortgage agreements, induced before 15 February 2020<\/li>\n\n\n\n<li>Rent under a lease contract incurred before 15 February 2020.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"requirements-to-apply-for-ppp-loans-in-sage-50\"><span class=\"ez-toc-section\" id=\"Requirements_to_apply_for_PPP_loans\"><\/span>Requirements to apply for PPP loans<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>To apply for the payroll protection loans you need to satisfy certain conditions that are given below:<\/p>\n\n\n\n<p><strong>Small organization:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Payroll expenditure confirmation files<\/li>\n\n\n\n<li>Payroll report summary with accurate bank statements<\/li>\n\n\n\n<li>The organization with up to 20 % stake and its relevant documents<\/li>\n<\/ul>\n\n\n\n<p><strong>Individual:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/askforaccounting.com\/sage\/access-print-1099-nec-1096-forms-sage-50\/\">Form 1099-MISC<\/a><\/li>\n\n\n\n<li>Residence proof certificate<\/li>\n\n\n\n<li>Utility &amp; bank invoices<\/li>\n\n\n\n<li>IRS forms 940 &amp; 941<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"key-steps-that-need-to-applied-for-a-paycheck-protection-program-ppp-loan-in-sage-50\"><span class=\"ez-toc-section\" id=\"Key_steps_that_need_to_apply_for_a_Paycheck_Protection_Program_PPP_Loan_in_Sage_50\"><\/span>Key steps that need to apply for a Paycheck Protection Program (PPP) Loan in Sage 50<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>It is suggested to create an independent cash account for the PPP loans in Sage 50 and at financial institutions like a bank. This helps to deposit the loan funds, track the complete COVID-19 expenditures, and maximize loan forgiveness.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"create-a-new-account-to-monitor-loan\"><span class=\"ez-toc-section\" id=\"Create_a_new_account_to_monitor_loans\"><\/span>Create a new account to monitor loans:<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p><strong>Below are the steps:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Navigate Maintain and then choose Charts of Accounts<\/li>\n\n\n\n<li>Fill an updated new number in the field named Account ID<\/li>\n\n\n\n<li>The account should be liable<\/li>\n\n\n\n<li>Follow existing liability accounts to select a new number matching the type<\/li>\n\n\n\n<li>If the loan is for more than 12 months it is termed long-term liability else it is a current liability.<\/li>\n\n\n\n<li>Fill in the details including the account ID, description and select the account type<\/li>\n\n\n\n<li>When the account is established, you are required to set up the balance of the account.<\/li>\n\n\n\n<li>Avoid using the account beginning balances option<\/li>\n\n\n\n<li>After this, you are required to post a transaction to track the loan<\/li>\n<\/ul>\n\n\n\n<p>After following the above-written procedure deposit the loan amount and create the cash account in sage 50. The liability account is used to track the status of the funds that need to be forgiven.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"set-up-a-vendor-account\"><span class=\"ez-toc-section\" id=\"Set_up_a_vendor_account\"><\/span>Set up a vendor account:<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>This includes creating a PPP lending account and the account set up as a default expense account<br>Below-mentioned is the list of steps:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Create a vendor account to record the transaction<\/li>\n\n\n\n<li>Enter payment and embed the entire amount to interest Expense<\/li>\n\n\n\n<li>Fill in a reference number to create the electronic payment <\/li>\n\n\n\n<li>You are required to integrate some portion of the payment for an interest expense and liability account<\/li>\n\n\n\n<li>The bank permits the amortization table to display the breakdown of each transaction<\/li>\n\n\n\n<li>The amortized table makes a transaction simple<\/li>\n\n\n\n<li>You need to memorize GL accounts that filled in the amounts.<\/li>\n<\/ul>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"create-nominal-ledger-accounts\"><span class=\"ez-toc-section\" id=\"Create_nominal_ledger_accounts\"><\/span>Create nominal ledger accounts:<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p><strong>Follow the steps:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Go to Settings and then click on the Financial Settings option Hit on Chart of Accounts<\/li>\n\n\n\n<li>Select New Ledger Account and fill in the following fields:<\/li>\n\n\n\n<li>Lender name<\/li>\n\n\n\n<li>Display Name<\/li>\n\n\n\n<li>Nominal code<\/li>\n\n\n\n<li>Category and Category Group<\/li>\n\n\n\n<li>Visibility<\/li>\n\n\n\n<li>VAT Rate<\/li>\n\n\n\n<li>Select Save and then choose New Ledger Account and fill in the information like Category, overheads range, code, display name, account, etc.<\/li>\n<\/ul>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"record-receipts-of-the-loan-proceeds\"><span class=\"ez-toc-section\" id=\"Record_Receipts_of_the_loan_proceeds\"><\/span>Record Receipts of the loan proceeds:<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>Whenever you receive the loan funds, the next step is to submit it into a bank account and then record the transaction in Sage 50 through receiving a money dialog window.<\/p>\n\n\n\n<p><strong>Follow the below points:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Discover banking then hit the preferred bank account and then select New Entry<\/li>\n\n\n\n<li>Locate the Sale\/receipt listed in a drop-down button<\/li>\n\n\n\n<li>Choose another receipts option and fill in the information including the date received, details, the amount received, and reference<\/li>\n\n\n\n<li>Write the loan information which includes loans etc.<\/li>\n\n\n\n<li>Hit on Save.<\/li>\n<\/ul>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"now-you-have-recorded-receipt-of-the-loan\"><span class=\"ez-toc-section\" id=\"Now_you_have_recorded_receipt_of_the_loan\"><\/span>Now you have recorded receipt of the loan<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>Make sure you collect accurate information and create an individual account and liability account. Embed this detail in Sage 50 through the journal window.<\/p>\n\n\n\n<p><strong>Input a loan in Sage 50:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Discover the General Journal window<\/li>\n\n\n\n<li>Click on the liability account<\/li>\n\n\n\n<li>Hit on post<\/li>\n\n\n\n<li>Locate the payment journal and hit Make other payment<\/li>\n\n\n\n<li>Choose Vendor<\/li>\n\n\n\n<li>Pick the bank loan liability located below the Account column<\/li>\n\n\n\n<li>Click on an interest expense account<\/li>\n\n\n\n<li>Fill in the interest amount and click ok.<\/li>\n<\/ul>\n\n\n\n<p>For more information, <a href=\"https:\/\/askforaccounting.com\/sage\/sage-50-accounting-consultant\/\">Sage 50 experts<\/a> are available 24*7 to consultant you with the latest information and help you to solve your paycheck protection program loan in Sage 50 queries. Sage experts are professional, polite, and have many years of experience in the same domain.<\/p>\n\n\n","protected":false},"excerpt":{"rendered":"<p>Sage can give you the most advanced and latest tools. Paycheck protection program loans are a much-needed lifeline for small businesses. The loans can be for 2.5-time payroll costs, up to $10 million, and feature an enriched and streamlined application process and fewer requirements. In today&#8217;s article, we are going to talk about setting up &#8230; <a title=\"Apply and Setup Paycheck Protection Program Loan in Sage 50\" class=\"read-more\" href=\"https:\/\/www.askforaccounting.com\/sage\/sage-50-paycheck-protection-program-ppp-loan-account-setup\/\" aria-label=\"Read more about Apply and Setup Paycheck Protection Program Loan in Sage 50\">Read more<\/a><\/p>\n","protected":false},"author":3,"featured_media":109908,"comment_status":"open","ping_status":"open","sticky":false,"template":"single-with-sidebar","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-76166","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sage-accounting"],"acf":[],"featured_image_src":null,"author_info":{"display_name":"Lawrence Flanagan","author_link":"https:\/\/www.askforaccounting.com\/sage\/author\/openfolderbin\/"},"_links":{"self":[{"href":"https:\/\/www.askforaccounting.com\/sage\/wp-json\/wp\/v2\/posts\/76166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.askforaccounting.com\/sage\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.askforaccounting.com\/sage\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.askforaccounting.com\/sage\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.askforaccounting.com\/sage\/wp-json\/wp\/v2\/comments?post=76166"}],"version-history":[{"count":0,"href":"https:\/\/www.askforaccounting.com\/sage\/wp-json\/wp\/v2\/posts\/76166\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.askforaccounting.com\/sage\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/www.askforaccounting.com\/sage\/wp-json\/wp\/v2\/media?parent=76166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.askforaccounting.com\/sage\/wp-json\/wp\/v2\/categories?post=76166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.askforaccounting.com\/sage\/wp-json\/wp\/v2\/tags?post=76166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}