Congratulations if you received a PPP Loan! The process was complicated to say the least, but you now have the funds to pay your employees, and maybe some extra bills. What you need to track The SBA requires that businesses track all payments made with PPP and EIDL loan proceeds and keep receipts of payments for at least 3 years, but preferably 7 years. Create the following General Ledger accounts to segregate all loan funds and expenditures in your accounting system: Liabili