1099 Vendor Backup Withholdings in SL 2015 features

• In SL 2011, 1099 Vendor Backup Withholding have manual process. Now In SL 2015, having new functionality to make it less manual and more of an automated process.

• How we set this up. Open the AP setup screen under the financial module in 1099 Tab there are a few additional features added to the 1099 screen to specify backup withholding options

1.       Calculate backup withholding

2.       Backup withholding Pct

3.       Disable backup withholding

4.       Backup withholding

a.       Account

b.       Subaccount

• Turn on YES to “Calculate Back Withholding” and click YES to proceed then automatically turn on backup withholding.
• Enter the percent in “Back Withholding Pct” and we define exactly which accounts up count we should be using when we’re doing our backup withholding and when we initially turn it on and sole it.

• Open the vendor maintenance screen and choose the vendor. In the Vendor maintenance screen under 1099 tab will notice is that the “1099 vendor field” set as YES.

• “TaxID Nbr” it is mixing tax ID number which is for holding a backup withholding so that’s a reason to turn on.

• And in the existing field “TIN incorrect Notice” field have you notify vendor that ability and in the new field to calculate backup withholding in its been turned on YES

• Open the voucher & adjustment screen and choose the particular vendor. The system message popup “Vendor ID selected is subject to backup withholding” click YES as we continue on & enter the line amounts control totals & total amounts then save it and Release the batch.  \

                                                    Create Voucher for $1000

• For payment, so we look into the Payment selection screen. In the Payment selection screen select the vendor ID in “payment selection field” and set the specific vendor in the detail grid then click Begin Processing Button. Click Preview Button to view the details.    

• Now have the information in there check printing process. Choose the Created batch and click View Selection Button to view the selections will notice. 

          Note:

 If remember made voucher for a $1000 but we’re only cut the check for $800 because of  backup withholding amount $200.

• So we have automated this process no longer do you have to keep track of it on information. As well we store the vendor backup withholding information into vendor maintenance screen under “1099 info tab” and also view history in Show History button under vendor tab.                                                

Multi-Company Features in SL2015

In Dynamics SL 2011, were limited to running for one company such as “Allocations” and the “Indirect Rate Calculator”.

In Dynamics SL 2015, you can run allocations and other processes for a specific company or all companies, without having to change companies as shown below.

In Dynamics SL 2015, Switching between companies requires just one touch. Now that there are sign-on enhancements, you will only see the companies to which you have access to. Just click and switch! This is done through a simple dropdown menu as shown below. 

                                

In Dynamics SL 2015, Project reports now support the Company Selection sorting criteria. You can also run project reports for a selected companies or current companies. 

In Dynamics SL 2011, had no information on the company they were associated with projects. Now In Dynamics SL 2015, the company related to the project is listed and users only see projects for the company that they have access rights.

Dynamics SL 2015 features

Here’s a few of the new In SL 2015:

Web Apps: Web Apps will play a big role in SL 2015, replacing the Business Portal. Introduced in Dynamics SL 2011, these apps provide a new way to access and enter data into Dynamics SL. Web Apps allow you to access Dynamics SL screens and information via your smartphone or tablet. The apps include Project Time Entry, Project Expense, Project T&E Approval, and Project Analyst

Here are a few features in Dynamics 2011 that use web apps:

    ·   Project Correcting Timecards

    ·   Project Time & Expense Approval

    ·   Project Expense Reports GP

    ·   Project Time Entry with Support for Project Flex Time

    ·   Project Analyst

    ·   Project T-type Timecard Support

In addition to the features that were included in the 2011 release, Microsoft Dynamics SL 2015 web apps are scheduled to be released every 6 months. Web apps will include the following:

·  Project Timesheet Entry – Enter time for a group of employees all at once.

·  Project Communicator - View and read communicator messages.

·  Project Maintenance & Inquiry – Setup project general and billing information, assign resources, set maximums, etc.

·  Billing Information Maintenance

·  Project Maximums Maintenance

·  Percent Complete and Revenue Recognition Setup

·  Address Maintenance

· Contract Value and Revenue Information

·  Budget Maintenance and Inquiry – Set up and review budgets, and make edits and revisions to your budgets.

·  Budget Revision Maintenance, Approval, Inquiry, and Analysis

·  Project Invoice Approval – Approve invoices while out of the office.

·  Project Delegations Approval - Delegate approval for Project based items to others while you are out of the office.

·  Item Request Entry & Approval - Enter Item Requests and approve them

Basic Resource Planning: An incredible new dashboard will allow you to assign resources to projects and tasks.  You can see availability of resources and projects all in one single view. This helps you to manage project coordination and use your resources efficiently without overburdening them.

ROI/ROIS SRS Email: Added email capability is back! You can now email reports directly from Crystal reports with a click of a button.

Report (ROI) Enhancements: Remember those 8 report formats that you could choose from for your reports, well, now you can use an unlimited number of report formats. Also, if you have a customized report that you use frequently, you can set that report as your default format for future reports. 

  1.   Unlimited report formats per report

       

  2.    Company default report format

  3.    Descriptive captions for ROI selection (Metadata)

     

Quick Query Enhancements:  Easily connect your data to Excel and use powerful tools like Pivot Tables to analyze your data.

Sign on enhancement

1.       Building on the removal of all modules

2.       Limit access to only those company ID’s user has rights

3.       If you don't have access to accompany you won't see it 

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