Sage 100 Newsletter | December 2020

Sage 100 Year-End Tips Webinar - Last Chance to Register!
As 2020 comes to a close, it's important to make sure your accounting software is ready for the new year.

Join us on Wednesday, Dec 16th for a free two-part webinar where we will review all the things you need to remember when preparing for year-end.

Wednesday, December 16th - 1:00 - 4:00 pm EST

Part 1: Year-End Closing

Part 2: Payroll Specific Year-End Closing
Sage 100 Year-End Processing Newsletter

In addition to the year-end tips & tricks webinar offered on Wednesday, December 16th, we are offering another resource to help you experience a smooth year-end.


The Year-End Newsletter Includes:
  • 1099-NEC Processing in Sage 100
  • Year-End Tips & Resources
  • Tips for Closing the Books
  • How to Backup Your Data
  • Module Closing Order
  • Year-End FAQs and Checklists

You'll also learn about the new enhancements in Sage Fixed Assets 2021.
Year-End and Payroll Tax Table Updates

Due to substantial changes to the tax code that materially impact the 2020 payroll tax year, the IRS released a new Form W-4. Sage 100 v2017 and earlier versions will not support the additional fields necessary to correctly calculate federal withholding taxes. If you are unable to upgrade to Payroll 2.0 before needing to use the new Form W-4, you will need to manually calculate Federal Withholding for every payroll for employees who need to use the new Form W-4.
 
If you are using Payroll in Sage 100 2018, 2019, or 2020, make sure to install Payroll 2.20.1 or higher to process your tax year 2020 tax forms and to enter payroll for the 2021 tax year.

To stay compliant with Payroll and AP 1099 form printing, you will need to upgrade to Sage 100 2019.3 or higher and (if using Payroll, upgrade to Sage 100 Payroll 2.20.1 or higher).
 

If you are using Payroll in Sage 100 2017 or earlier, you will need to work with your Sage business partner to upgrade to Sage 100 2018 or higher (with Payroll 2.20.1 or higher) to remain compliant.

 
If you have questions or need assistance, please contact a DWD software consultant at 260.423.2414.
  
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About DWD Technology Group
DWD Technology Group is a Microsoft Gold Certified Partner and Sage Software Reseller serving clients in Indiana, Ohio, Michigan and throughout the Midwest. We are committed to helping companies evaluate and implement proven network, accounting and business management software systems and to provide support to keep those systems flourishing over time. 
  
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