• Where does one set the GL Account Used when an invoice is received and a tax amount is entered?

    Where does one set the GL Account Used when an invoice is received and a tax amount is entered? Example: Create a new "Enter Receipt of Invoice" batch. Select the invoice. Under the "Sales Tax" tab, enter a tax amount. The tax class of "Nontaxable…
  • Processing 1099 for tax year 2019 in Sage 500 ERP

    Tax season preparation is here again. To process 1099 forms for the tax year 2019 in Sage 500 ERP please keep in mind the following: Sage 500 version 2019 If you are on Sage 500 version 2019 you will not need to install any update in order to process…