1099-NEC PROCESSING IN SAGE 100

This year, the IRS reintroduced Form 1099-NEC as the way to report nonemployee compensation, moving away from Form 1099-MISC as traditionally had been used. Let’s take a look at this new requirement and more importantly, how to record and report 1099-NEC information in Sage 100.

What is Form 1099-NEC?

Before it’s reintroduction this year, Form 1099-NEC was actually

The latest Sage 100 2020.1 release is now available. Here’s a quick look at what’s new including continued enhancements to lot and serial number traceability in inventory, improvements to Fixed Assets tracking, and other popular customer-requested updates.

Accounts Payable and Receivable Changes

In Accounts Payable, a new ’Net Balance’ button is now available, making it easier to add any undistributed balance to the current line item. The new button is available in Invoice Data Entry Lines tab, Repetitive Invoice Entry Lines tab, and the General Ledger Distribution window accessed through Manual Check and Payment Entry.

In Accounts Receivable, a Payments tab has been added to Invoice History Inquiry and shows all payments applied to the selected invoice. You can click the Cash Receipts History button to view details about payments processed through Cash Receipts Entry or click the Payment Information button to view details about credit card and ACH payments.

Tracing by Lot and Serial Numbers

With Sage 100 2020.1, you now have multiple options to trace where items have been used. A new

SOON AVAILABLE FOR SAGE 100

Expected in Summer 2020, Sage Enterprise Intelligence (SEI) will soon be available for Sage 100cloud. Previously available for other Sage accounting products, Sage 100 now joins the lineup of ERP applications that seamlessly integrate with this powerful, enterprise-level BI reporting tool.

What is SEI?

Sage Enterprise Intelligence (SEI) is an intuitive, web-based reporting tool that

If you’re reading our newsletters or posts from our website, you’re probably already familiar with what ERP does. But as a relative newcomer to the business software landscape, some are still figuring out what CRM can do for your business and how it’s different than the ERP system you already have. Let’s explore.

What is CRM?

First things first … CRM stands for Customer Relationship Management, and it’s important to understand that CRM is both a tool and a philosophy for managing relationships with your current and prospective customers.

At its core, CRM software ties all of your customer-facing activities together. So, whereas ERP ties together “back office” functions such as accounting, purchasing, inventory, and operations, a CRM system ties together “front office” functions such as:

• Sales, Meetings & Calendars
• Company and Customer Contacts
• Customer Service & Support

In short, CRM connects