Not a spanking. Really I was making fun of the format and workings of this wonderful new forum.
Yes, you need to keep track of the PPP expenses, Maybe a new expense account with subs for the various things it can be used for. CA has not yet conformed, so any loan forgiveness is not an income. The net for fed and state of CA is a zero that must be accounted for.
The All-Star from MT raised a good question.