QPR are alleged to have spent more on salaries than rules allowed when they were in the division two seasons ago.
The London club have been relegated from the Premier League after just one season back in the top flight.
A Football League spokesman said that QPR would be "welcomed" into the Championship.
QPR revealed a £9.8m loss in March but £60m of loans were written off by owner Tony Fernandes and other shareholders.
If the Football League refuses to find the loans acceptable under its Financial Fair Play rules, QPR could be fined by up to £58m.
Excluding QPR from the Championship was an option open to the league if the club refused to pay any fine that is eventually imposed.
The club have begun legal action questioning the validity of the rules but the matter may not be resolved before the new season starts on 8 August.
A Football League spokesman said the process is ongoing.