Have you heard? The IRS has issued guidelines for reporting of employer sponsored health insurance costs on 2011 and 2012 W-2s!! The reporting is for employee information only and does not cause employer-provided health coverage to become taxable. The Affordable Care Act has made this an optional requirement for all employers for the 2011 W-2s. …
Tag Archive: GP
Jan
18
Overpaid an Employee in Microsoft Dynamics GP
The sinking feeling… you forgot to turn off a pay code for a salaried employee, and now they have just notified you that they received twice their salary in their last direct deposit. They were overpaid! The one thing that you would like to do, you CANNOT… and that is to create a reversing or …
Nov
22
Microsoft Dynamics GP Inventory Year End Closing procedures
The inventory year end close for Microsoft Dynamics GP is not a date sensitive process. Amongst other functions, the year end close will transfer current year sales and cost activity to history, the quantity sold for each item will reset to zero and the beginning quantity will update the quantity on hand. Run the year …
Nov
22
Microsoft Dynamics GP Payroll Year End closing procedures
Payroll Year End processing does not have to be stressful if you read, plan, ask questions and have backups! This article is applicable for Microsoft Dynamics GP versions 9, 10 and 2010. For complete details please visit CustomerSource and KB article 850663. Most customers will be processing a 2011 pay run before 2010 W-2s can be …
Oct
28
Automatic Credit Memo Notifications – Summit Messenger
We recently implemented a solution (that we are now calling Summit Messenger) for a customer to automatically send credit memo notification emails from Microsoft Dynamics GP to their customers. Each quarter, the customer runs a SQL Reporting Services report to determine the credit that should be applied to each of their customers. Rather than having to …