Newsletter: January 2020
Don’t forget to file 1099’s
At the end of each year, companies in the United States are required to submit Forms 1099-MISC to the IRS. The deadline to file 1099-MISC to the IRS is January 31st. It is important to prepare and file the appropriate 1099s to the IRS before the deadline otherwise heavy penalties for late submissions or wrong information will be imposed.
How can AIM/Acumatica help?
If your company files 250 or more 1009-MISC forms for any calendar year, the IRS requires that you file the forms electronically. If fewer than 250 forms are filed, you can file them either electronically or by mailing paper documents.
In Acumatica ERP, you can use the Create E-File form to generate an electronic file that contains information on all 1099 vendors of the branches you select, including the payments that were made to them in the 1099 year you specify. You can generate a file of any of the available file types (for example, a correction file) by specifying the appropriate option on the form.
The boxes in the electronic file corresponding to the boxes on the paper Form 1099-MISC. The format of the electronic file generated in Acumatica ERP matches the file format required by the IRS.
After the system generates the file, you need to upload it to the IRS website by using the Filing Information Returns Electronically (FIRE) system.
For additional assistance, please email us at support@aimsolutionsinc.com
Before eFiling, did you check the 1099 Amounts are Correct?
If the 1099 Amounts for your vendors are not correct, AIM can help! We developed a product that allows you to easily change the 1099 amounts for the vendors. Simply choose a vendor, the correct 1099 box and type in the correct amount. This will update the vendor record without any hassles.
How it Works:
AIM 1099YearBalances allows you to change the 1099 Amount to be reported to the IRS. Navigate to the 1099 Year Balances/Select Vendor/Select 1099 Year/Add Box Number/Change Amount. The 1099 Year Balances will only show Vendors that checked “1099 Vendor”, so no need to sort through hundreds of vendor records.
Acumatica Summit 2020
Acumatica Summit 2020 is heading to Las Vegas January 26 – January 31, 2020, at The Cosmopolitan, a luxury resort in the heart of the Las Vegas strip.
This is one of the top ERP events globally, with over 2,000 customers, partners, analysts, and employees in attendance. Get a glimpse at last year’s event in our Summit 2019 Recap.
This is your opportunity to experience the Acumatica platform, network with industry leaders, and speak with Acumatica Partners and Customers on their incredible solutions to business problems. Plus, they have plenty of fun planned!
Acumatica Summit 2020, will feature:
- Two full days of sessions
- Three optional days of technical training
- Live Product demonstations
- sneak peek at product roadmaps
- Interaction with Acumatica’s executive, product and engineering experts
- Access Acumatica Marketplace
- Networking opportunities with hundreds of peers
- Exciting Social Events
- Prizes and Giveaways
Already Registered?
Look out for AIM t-shirts! We will be wearing these AIM T-shirts during summit so come say Hi!
Meet us on Sunday Jan 26th at 6pm at the welcome reception. Our team will be hanging around by booth 11. The reception will take place on the 4th floor of the Cosmopolitan in the Belmont Ballroom. We have some awesome gifts for you all attending to kick-start the summit so make sure to stop by!
Acumatica Summit App
Get started by downloading the Summit mobile app. Gain access to all the information you’ll need for a successful event, all in the palm of your hand!
- Schedule – Go green and access the paperless schedule to customize your own agenda
- Featured Speakers & Sponsors – Attend key sessions & connect on the latest developments for our company, products, and ecosystem
- Networking – Connect with peers, other users, and leadership
- Social Media – Important updates and give-aways ONLY available through the app
- Much more!
Follow the steps below to start planning your Summit 2020.
Step 1: Download the App!
The first thing you’ll need to do is download the app on the MOBILE DEVICE you’re bringing to the event.
Don’t have iOS or Android? Skip Step 1 and go straight to Step 2 to verify your account and use the mobile web version of the app.
Step 2: Verify Your Account
Then, come back to this email using the same device from Step 1 and click Verify Account to unlock all the app’s advanced features.
Contact eventscs@acumatica.com if you have any questions.
See you at Summit 2020!
