Microsoft Dynamics GP – 1099 Information for the 2020 Year-End

Welcome to 2020 year-end and all the fun changes for 1099’s! This year, the IRS has released a new 1099NEC form that is required for 2020 tax reporting for Non-Employee Compensation (NEC). NEC information was previously reported in Box 7 on the 1099-MISC form, so a whole new form is required this year. To accommodate this, Microsoft has made the following changes: The Tax Type of Non-employee Compensation has been added to the Vendor Maintenance\Options window. You can view NEC 1099 details from the 1099 Details Inquiry window. Non-employee Compensation is a selection option when printing 1099s.   The easiest way to update vendors for this new tax type is to use the Update 1099 option under Purchasing\Utilities. This will let you mass change tax type and update transactions as well. Please keep in mind that Box 7 on the 1099-MISC is now used for something else so make sure [...]

By | 2020-11-04T14:33:15+00:00 November 4th, 2020|Dynamics GP, Microsoft Updates|

Support for Microsoft Windows 7 Is Ending – SOON!

The end-time is near for Windows 7 and Windows Server 2008/R2. If you are still running these operating systems, what does this really mean and how will it impact you? The Cutoff Date The first important thing to know is your official end date is January 14thof 2020. As of January 14th, Microsoft will no longer provide updates for your system. What does it mean? Essentially, your system will no longer be updated with the latest bug patches, security necessities, technical support, and general functionality enhancements. To break it down, you will no longer be protected against the latest cyber security threats, and your data will be at an even greater risk than before. And if you run into an issue, you won’t be able to call Microsoft to help get it resolved. What does this mean for my Dynamics GP? If you are still using Windows 7, Njevity will [...]

By | 2019-12-12T00:50:09+00:00 December 12th, 2019|Microsoft Updates, Uncategorized|