Current eMessage > Software Update > December 2020

Software Update

Must have info for Accounting Master year-end

by MACC’s Accounting Master Support Team

As tax season continues and year-end approaches, we’ve put together a list of helpful reminders relating to Accounting Master.

Year-end processing
With year-end approaching quickly, we have provided documentation to help walk you through the year-end processes. This will assist with Creating the New Fiscal Year, Benefit Reset, Employee Deduction Rate Changes, Year-End Close, etc. If you are requiring assistance through this process, please let us know and we can schedule a time to call you and go over it. Better yet – start using the Year-End Suite to help walk you through all of the features that may need to be updated. The Year-End Suite contains the maintenance screens and processes used to prepare your database for an upcoming year.

Have you created your new labor year yet?
With the end of the labor year approaching, please ensure your new labor year is set up in Accounting Master under the Year-End Suite. If the labor year is not set up in Accounting Master for the new year, then users will not be able to enter time in TMS. Once the labor year and pay periods have been set up, time can be entered in TMS. The Year-End Processing tutorial can be found on the following page:
https://maccnet.com/macc-training-macc-minutes-client-pages/accounting-master-year-end-tutorial*

MACC Minutes
Tutorials for Tax Processing are available on MACC’s Client Pages. These tutorials will walk you step- by-step through the Aatrix Tax Processing. These tutorials can be found at:
http://maccnet.com/macc-training-macc-minutes-client-pages*

2021 Tax Tables
New tax tables are starting to be released. As we receive them, these state changes are available via an FTP download directly in the database for the 2021 tax year. For assistance with importing your tax tables, please see the following page: https://maccnet.com/wp-content/uploads/2018/11/Tax-Table-Update-Import.pdf.

Please check back frequently for additional state updates.

Accounting Master Upgrades
Accounting Master 20.2 is now available for distribution! You can find the 20.2 Update Letter and Web Training options on the following page: https://maccnet.com/whats-new-training-20-2

Please take a few moments to review it.

Do you need the new 1099-NEC update?
The IRS has released the new 2020 Form 1099-NEC form. The new form replaces Form 1099-MISC for reporting nonemployee compensation (in Box 7). As a result of the new 1099-NEC and redesigned 1099-MISC, MACC has included these software changes within the new 20.2 Accounting Master release. Please notify the Accounting Master Support Team as soon as possible, if you require these changes.

Questions? We are here to help!
As in years past, this is a very busy time for Accounting Master Support. We will do the best we can to answer your phone calls immediately. If you are sent to voice mail or leave an e-mail, please provide us with detailed information including the urgency of your call. We typically respond to messages in the order in which they are received, but urgent issues may take priority. So, the more information, the better. Thank you for your patience and assistance in making this year-end a success. Assistance is available Monday through Friday from 7:00 a.m. to 5:00 p.m. CST and 7:00 a.m. to 6:00 p.m. CST during the months of December and January. We can be reached at 402-533-5335 or [email protected].

*MACC Client Page access is needed. Please follow this link to log-in.

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