Review All – NonProfit – ERP – MAS 90/200/500 – and AccPac Sage CRM Abra HR etc Web Stuff ECM – Wonderful new addition – full connectivity to MIP – with Dashboards as well! Also full Workflow on data entry and approvals Dashboards
We all think differently, and you will see a concentration here today toward making sure everything is right within your system – before you even begin to think about Aatrix and getting the forms ready. But – Yes, we will definitely also be going through Aatrix and your Options and Opportunities for that!
It’s sort of like a Bank Reconciliation? If your bank req doesn’t balance – it’s seriously unlikely that your revenue and expenses are right? (Jeannie’s Soapbox) Same is true with Aatrix……If there are underlying data issues – there are going to be Aatrix issues!
We’ll start with 1099’s – We will cover a lot of stuff here – BUT – you will be able to download a format of the reports I’ll show and talk about today…… And – I’ll go through what it takes to reconcile, but also then will walk through the Aatrix wizard!
I used one of the Abila Templates – Journals – Cash Journal – Default Template – Summary | This Year These report setups will be available for Download…… Explain what they will have (i.e. the List of all Selections on the Report – i.e. all tabs (setup, content, filter, groups, options, layout, )
On the Filter Tab, select the Vendor Issue 1099 field to filter, with data = Yes Review results and determine if adjustments may be needed - Watch for the two-Vendor boxes entered…….Unless you know for certain that the Vendor has both Rent and MISC – better check for a potential keying error on the 1099 Box field… Easy enough thing to happen.
By Going through a good Reconciliation Process – you really do avoid issues when you get to Aatrix…. If you find errors -- wrong 1099 box, an amount that gets added in, but for which the amount was not 1099’able ----Here’s where you make corrections for 1099 purposes
In Test Drive Mode for both 1099’s and W-2’s….. You are just playing – you can’t hurt anything! No changes that you make go anywhere – SO You have to enter them again when you go into “Real” Mode…. Another Reason for the Reconciliations and testing we’re talking about today!
So – just make your choice and go on! Once you are in the grid where you see the values by Vendor – you are essentially able to take a quick look – compare to your reconciliations…… And then make the decision to eFile or Print – and you are done!
The Reconciliation I talk about here really does relieve the pressure that we all feel when Congress doesn’t to their work in time for Abila and Aatrix to get the forms updated as early as we would like. Spent the time reconciling as vs Stewing….Then, when aatrix is ready – You are Ready!! This time – the Guy Drives, and the Woman tells him what to do! (the Cartoon)
Suggested Reports for Reconciliation Work From Payroll (Continued)
Presenter
Presentation Notes
But – do make sure they make sense to you, as you will use them in the future! 125 Deductions reduce taxable earnings for Federal | State | MC | SS 401k Deductions reduce only Federal and State SUTA has different attributes by state - possibly
These tax attributes are represented – and you can see this is a simple way of seeing what you are going to find when you see the W-2’s in Aatrix. And – you’ve had time to think about the entire scenario when you couldn’t do anything else, since Aatrix wasn’t ready to go.
Question #1 – likely No unless you are a school….but there are some other cases where that could be Yes (old agreements from many years ago?) Question #2 – likely No – unless you have a restaurant with tipped employees The others are more generic……You don’t have to have control numbers on the W-2’s…..
