6 results found
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1099 electronic filing from system
Please consider the ability to print and file 1099 electronically from the system
4 votesWe will not be adding the option to directly print 1099's from CSuite. Instead, you do have the option to create a 1099 file which can be exported. There are many online options for printing 1099's by the form. The 1099 export file can be used for the import.
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1099 code needs to be on voucher line level not only broadly on vendor or GL
My question is related to some activity being paid is subject to 1099 and some activity is not. Same vendor but maybe a combination on invoice payment.
FIMS would give us the option to assign at voucher level. Is there any way to do this in CSuite? Or can I only do a broad G/L account or broad profile option? This makes preparing 1099’s a bit cumbersome.
21 votesIn order to create an accurate 1099 report in CSuite, you will need to create an account that is subject to 1099 report and one that is not. This is different from FIMS, 1099 is set at the account level, not the detail voucher line. For example, create an account for Professional Fees (subject to 1099 reporting) and another Professional Fees (no subject to 1099 reporting). You could use sub accounts in this example as well.
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Payable GL accounts for clarity in Financial Reporting - Scholarship, Grant and Accounts Payable
We would like for any expense in the Grants GL to post through only Grants Liability. Any Scholarship expense to post only through Scholarship Liability and all other Accounts Payable to post through AP. Having all Grants, Scholarships and AP post in each liability THEN through AP inflates AP amounts at any given time and takes significant filtering and research to ensure actual accounts payable amounts are accurate for financial reporting and audit purposes. If cSuite can connect each GL expense to the appropriate liability and allow payments from those liabilities individually, the process would be clear and the accounts…
2 votesGrants and Scholarships move from one payable to another based on the status they are in. A/P should not be inflated based on this work flow. When a Scholarship is awarded it creates a Scholarship Payable, when vouchered, it becomes a Grant Payable and when marked for payment, it becomes AP. A Grant follows a similar work flow. We did update the Payable reporting and historical reporting for payables for easier reconciliation and tracking with the release on 11/2/2022.
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Pay Sponsored Org on Voucher
Can there be a way to add a Sponsored Organization on a vendor's voucher the same way you do on a grant. We have a lot of expenses paid via credit card and it would be helpful to be able to create a voucher with the vendor's name (ex. Dominion Energy) but make the check payable to our credit card since that is how the bill is paid. This way we can easily search/review expenses instead of having to dig through our credit card transactions.
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See account number in new voucher view
We have one staff member that puts in the vouchers then the accountant reviews them to make sure the fund and account number is correct then posts. It would be nice to see the account number used in the new vouchers screen for quick reference when you post all. Thank you
6 votesBecause there are multiple detail lines on a voucher, the expense account is not listed in the view list.
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1099 indicator for reimbursements
I see there are several requests related to separating reimbursements from grants and fees for independent contractors. There is a work out that says we have to go to the GL to indicate if a certain GL should be on 1099. I would prefer to see a field or check box next to each voucher line item that can be checked for 1099. If for instance, consulting GL is marked as 1099, that code can be used to pay different entities including ones who don't need to receive 1099s.
10 votesIn CSuite the accounts will remain the main source for recording 1099 expense data. If you have a line item for a voucher that should not be included in a 1099, it is recommended that you create another account (this could be a sub-account) that is not a 1099 account. As an example, professional fees subject to 1099 report and a separate account (OR this could be a sub-account) that is professional fees not subject to 1099 report.
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