General Ledger, Accounts Payable, Accounts Receivable, Cash Management, Fixed Assets, Deferred Revenue, Taxes, Currency Management
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- 4,873 Replies
For tax year 2021, the IRS made minor changes to the 1099-MISC and 1099-NEC forms. Details of the changes can be found on the IRS website. Acumatica will implement these changes in upcoming versions of the software to assist with customer 1099 filings. There are 3 changes that impact Acumatica.Form 1099-NEC sizing. Acumatica will reduce the height of the form to match IRS changes. Form 1099-MISC, box 11. New use for box 11 includes any reporting under section 6050R, regarding cash payments for the purchase of fish for resale purposes, from a individual or corporation who is engaged in catching fish. Form 1099-NEC, box 2. Payers may use either box 2 on Form 1099-NEC or box 7 on Form 1099-MISC to report any sales totaling $5,000 or more of consumer products for resale, on buy-sell, deposit-commission, or any other basis.1099 Paper Forms:Changes to the 1099 Paper forms are currently available in the following builds of Acumatica:2021 R2 Update 3 Hotfix 1 (21.203.0030) and later 2021 R1 Up
Hi all! I’m new to Acumatica; we just converted on 12/1 from Quickbooks. How can I show an invoice marked as paid for my customers? They ask for a paid invoice all the time for their records. We sell high end products that many people need this for insurance purposes. Sometimes a customer will make a partial payment. Example, a customer has an invoice for $100,000 worth of goods for which he paid $80,000. I need the invoice to show: Total: $100,000Amount Paid: $80,000Balance Due: $20,000 Or if it’s paid in full, it would be marked as such and balance due would be zero. How can I do this?
I am attempting to create a generic inquiry to feed into a dashboard. We are wanting this GI to show the balance of our cash account as of @Today - the only thing we can get to show is the period end balance. I’ve attempted to recreate the transactions by period filters/parameters but have been unsuccessful. Any insight would be greatly appreciated.
Hi All, @Naveen B, I have set up an Automation Schedule for “Refresh Currency Rates”. I will only update the previous day rather than the date that it runs. Also the schedule just stops running ever few days. Is this a known issue? Any response appreciated.My settings for the Schedule is as follows:-
I am getting the below error when trying to post an AP invoice. This is not a new item or new purchase type. It has been done numerous times in the past so not sure what is causing the issue now and how to fix. I am not seeing anything on the Posting class that looks “off”. Any thoughts on how to fix?
YTD Net Income Balance transfer to Retained Earnings Account - how is this done by Acumatica & is there a Journal record for this?
Hello,I am aware that Acumatica has a dedicated account for keeping track of the YTD Net Income balance and with every income or expense transaction, this account is updated. Furthermore, as documented in Acumatica’s Help material (see below), Acumatica automatically updates the Retained Earnings account for the next financial years that are defined. The system updates this account for every transaction posted to an income or expense account. When the system updates the balance of the YTD Net Income account, it also updates the beginning balance of the Retained Earnings account in the next financial years for which the financial periods are defined. For a new financial year, the system resets the balance of YTD Net Income to zero for a new financial year. However, for auditing purposes, when a user looks at the Account Summary and Trial Balances for the retained earnings account, the Ending Balance of the last period of one year would not match with the Beginning Balance of the first p
Hi EveryoneCurrently , we have create a generic inquiry to combine table invoice and memo and table payment and check in order to get the column for “ due date “ and “ payment date” If we would like to get system to calculate the day of over due , which mean “due date” minus “ payment date” in order to get the day of over due. May i know how to do this in generic inquiry? Hope to hear from you soon.
"An error occurred during processing of the field Depr. From Period: FA Error: The book calendar corresponding to the start date of the asset's uselife (2/7/2023) is missing in the POSTING book. Create calendar on the Generate Book Calendars “ Added Info: the life of the Asset Class selected was set to 2 years Here’s a screenshot of the error: Set-up for Calendars:
Hi! I made some error upon creating cash account. I have made the Accounts Receivable as cash account. Is there any workaround for this? System says that I can no longer delete the cash account and change it, as there is already GL transactions made prior to creation of Cash account. Highlighted in yellow is the wrong account entered.
Hi.So the brief story is this:Our company purchased a service that has a validation for 1 year, from DEC 10 2021 to DEC 10 2022 (as shown in the picture below). And I want to record the amount into “Paid in Advance” account, then amortize it monthly. The problem is, I couldn’t find anywhere to set it. I tried to set it by creating a new “Non-stock Item” or a new “Posting Class” (shown below), but I’m not sure where to key in the “Paid in Advance” account. Could anyone please tell me how to do it, or if I’m using the wrong form here? Many thanks.Best regards,Shuang.
Hi All,We have enabled multiple base currencies & customer and vendor visibility restriction in enable disable features form. After that it seems we cannot assign a already created cash account in the vendor’s form & cash account dropdown list is not appearing. Enable Disable Form Created Cash Account Cash account assign in vendor form
When will the Multiple Base Currency feature support all modules?I was quite excited to see multiple base currency support in 2021 R2, as this solves the single biggest pain point we have with Acumatica.Currently, we have a Canadian sister company that does a lot of interco transactions with the US company, and because of that company’s base currency being in CAD, we have to use a separate tenant.This creates a lot of manual re-entry of documents PO / SO / shipping docs etc and tends to be an error prone process, especially due to exchange rates etc.Now in reading through the details on this feature, I see to my dismay that there is a whole list of other modules that are not supported by this feature. Meaning you can’t use multiple base currencies feature and these other modules. The modules that we use are in yellow: Is there any road map on when these modules will be supported by this feature?
I am receiving an error when trying to enter an AP Bill.The Purchase Order has one line item, for a quantity of 10 pieces. All 10 pieces have been received and a receipt for the 10 has been created and released.Now when I get the invoice a few days later from the vendor, I go to the Purchase Order # mentioned on the invoice, however, when I click the “Enter AP Bill” from the actions drop down, I receive the following error:
Hi!When loading open AP with balances and/or retention, which screen fields are referred to in the error message as “Migrated Balance” and “Document Amount”? We were able to load cleanly with migration mode off as an initial test, but not with migration mode on as is needed. Thank you,Dave Z
In our test environment, we’ve created a Non-Stock ‘Freight Estimate’ item to add to Sales Orders so we can authorize a credit card payment before the shipment. The ‘Require Shipment’ box is unchecked and the settings for our Sales Order Preferences, Order Type, Shipping Rule, and Non-Stock Item are identical, but in our Live environment it is left off the Shipment (visually), but is pulled onto the Invoice and shows the Shipment # on the line. This does NOT happen in testing which is the desired behavior. We have ‘Add zero lines for Items not in Stock’ checked and we give the ‘Freight Estimate’ a quantity of 0. Does anyone have any info on why a non-stock item that doesn’t ‘Require Shipment’ is being attached on the back end to the shipment..and messing up our invoices? This issues has been driving me and our Partner nuts. Nobody seems to be able to figure it out, so I’m really hoping someone here can help us out. I can post a ton of more info if needed. Thanks a ton for any he
HelloI searched and surprised this question was not on the Community… maybe I am missing somethingUsing Avalara tax. Have a AR invoice that includes sales tax in error. Need to create a credit memo for only the sales tax without having to credit the whole invoice.Is this possible?
Hi,When I used to click on the Payments and Applications under Transactions for Receivables, it would give me a list of all my payments and applications (a transaction list). Now it just takes me to the individual payments and applications, and not the actual transaction list. Did something happen to that list? Or is it a settings configuration that I need to fix? All my other options under Transaction still seem to work fine, but this option changed recently for Payments and Applications. Thank you.
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