Newsletter: April 2020
NEW AIM Customization Now Available!
Unsure if you have entered a bad address for your customers/ vendors into your Acumatica? We developed a simple customization that will validate all the addresses that you enter into your system. This helps to ensure that all the addresses entered are correct and will be accepted by the post office; meaning customer/vendor invoices and bills will mail to the correct address.
This is a quick and simple customization that only costs $200. If you are interested in adding this customization, please contact
ishika@aimsolutionsinc.com for more information.
Customization is only available on 2020R1 version of Acumatica.
Online Selling is Thriving!
You can streamline your business and connect product and customer information between Acumatica and BigCommerce without additional development or IT support. The BigCommerce connector allows you to manage ecommerce functions with a direct integration to Acumatica!
You can automate the flow of shipping, payment, order fulfillment and inventory data. With BigCommerce and Acumatica paired together, the two sites will allow you to go to market quickly online. You will now have the ability to reach even more customers when pairing Acumatica with BigCommerce.
Regardless of the size of your business or the products that you sell, the BigCommerce connector will give you the accurate and real-time visibility that you need to increase customer reach and grow your business as well as give you real-time statuses on orders, cancellations, and refunds.
New customers who choose to subscribe to a BigCommerce plan will:
- Receive 3 months free
- Never pay a penny for transaction fees
- Receive an advanced marketing toolkit to attract new customers and convert sales. This toolkit includes advanced SEO features, easy to manage promotions and gift certificate capabilities.
These offers are effective immediately and will expire June 30, 2020. Get started today by sending an email to Ishika@aimsolutionsinc.com to get signed up!
Important notice for all customers using Acumatica Payroll or interested in Acumatica payroll
Due to COVID-19 impacting businesses, Congress has passed a stimulus package that was signed into the law by the President. One of the provisions is the Employee Retention Credit (ERC). It is part of the CARES ACT and is designed to help keep employees on payroll. This credit will be eligible to employers regardless of the size of the business. The average number of employees in 2019 will affect how the credit is calculated.
To qualify, employers must fall into one of two categories:
- Your business is wholly or partially suspended by government order due to COVID-19 (like a stay-at-home or non-essential business order) during the quarter; or
- Your gross receipts for 2020 are below 50% of the comparable quarter in 2019.
The ERC is calculated each calendar quarter for wages paid after March 12, 2020, and before January 1, 2021. That means, the ERC is generally available for quarters 2, 3, and 4 for the 2020 year (and part of quarter 1). However, once your numbers creep back above 80% of receipts compared to the same quarter a year ago, you will no longer qualify after the end of that quarter (but you can still claim the ERC for that quarter).
The amount of the credit is 50% of qualifying wages paid up to $10,000 per employee for all quarters.
Wages include actual payments, as well as a portion of the cost of employer-provided health care. Qualified health plan expenses will be allocated pro- based on the number of employees and timing of benefits.
To read the full Forbes article by Kelly Phillips click the link below.
*We at AIM do not hold any responsibility in regards to your taxes and you should speak with your Tax Advisors to see if you qualify.
We want to hear from you!
We know these are difficult times and our Customer Account Manager would love to speak with you and do a wellness check call to see how you are doing. Please email ishika@aimsolutionsinc.com with your availability for a quick 15-minute conversation. Ishika will be reaching out to you over the course of the next few weeks to discuss any questions, concerns and how AIM can support you.
