However, a borrower may also build a bookkeeping policy election presenting the brand new PPP mortgage just like the a traditional credit In the event the a borrower has previously built an insurance policy so you can be the cause of authorities grants, it should consider first if that accounting rules can be applied so you can PPP fund (including, a health organization one in earlier times applied the fresh information during the ASC 450-29 to help you be the cause of costs acquired to have digital health-checklist technology according to the American Recovery and you may Reinvestment Act off 2009). But not, of a lot companies don’t have a reliable policy for accounting to own regulators offers…