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Resources > CBA Blog

Welcome to the CBA Blog!

The CBA Blog brings you tips, tricks, updates and general information for users of Peachtree & Sage 50 Accounting Software.

Sage 50 Fixed Assets Webinar - Close Out 2020

29
9/29/2020

With the end of year quickly approaching, make sure you are prepared for critical year-end activities related to the reporting, depreciating, and physical inventories of your company's capital assets.

It's time to start thinking about year-end close. With the end of year quickly approaching, make sure you are prepared for critical year-end activities related to the reporting, depreciating, and physical inventories of your company's capital assets.

Having a fixed asset solution will help you to:

  • Ensure you are taking advantage of tax laws relating to fixed assets.
  • Take advantage of CARES Act changes that impact Qualified Improvement Property
  • Accurately keep track of all your capitalized or expensed fixed assets.
  • Save time by eliminating manual tracking in spreadsheets and eliminate errors.
  • Learn about available Sage City resources.

  • Watch the webinar here!


By Tim Hambsch
 Add your comments

What's New in Sage 50 2021.1

25
9/25/2020
Below is a list of the improvements made in the Sage 50 2021.1 version.  Release date is scheduled for 9/30/2020.  If you have not installed the update you can do so anytime on or after 9/30/2020. Directions are below on how to receive the update.   

You can also view info on the 2021.1 version on YouTube here: https://youtu.be/upTB04cUtyg


  • Resolved!  The issue with the mouse freezing and/or significant lag time while working in Sage 50 is now fixed.

  • Expansion of Pay Types.  With this release, you can now set up an unlimited number of Pay Types for both hourly and salaried employees. The expansion of Pay Types will also help firms who must accommodate tracking of the COVID-19 Families First Coronavirus Response Act (FFCRA) compensation. This release uses an additional 3 Pay Type fields to accommodate tracking of this information so it can be traced and included in the employers Form 941 quarterly filings. Although you can set up an unlimited number of Pay Types, employees can only have 20 Pay Types per pay period or paycheck.

    Important!  Sage has changed how Salary Pay Types display on paychecks when you are entering payroll amounts. Pay types set up for an employee must have an amount OR you must clear the Use Default check box for a pay type you want to appear when you are creating paychecks. We recommend reviewing in the Payroll Entry Window each employee set up for a Salary Pay Type to ensure the pay types display correctly. If the pay types are not displaying, open the Maintain Employees/Sales Reps window and select the Pay Info tab. Clear the Use Default check box for any Salary Pay Type you want to display when entering payroll amounts.

  • The FFCRA and Form 941 Reporting. To help you comply with financial reporting, you can easily extract the amounts paid for Sick and Family Leave allowed under the FFCRA and include them on the quarterly Form 941 filing. In the Reports & Forms module, if you select Form 941 under Payroll Tax Forms, you receive a prompt asking if any employees received paid sick or family and medical leave as defined in the FFCRA. If you select Yes, you then have to select the Pay Level names used for Sick and Family Leave. The associated amounts are extracted and placed on lines 5a (i) and 5a (ii).

  • Enhanced security with Gmail. The integration with Gmail has been updated to meet Google’s new security standards. Sage ensures strict compliance and security standards for customers using Gmail.

  • Sage Drive is now Remote Data Access.  New name, same convenient access to your company data from anywhere you have Sage 50 installed. This feature is available to Sage 50cloud users only.

  • Sage ID.  A single login to access to all your connected services makes it easier for you to connect your bank, access data remotely, share company data and add customer payment options.  This is only available with Sage 50cloud users. 

  • Memorized Purchase Invoices. You can now create a memorized transaction for Purchase Invoices/Bills. Save time and reduce repetitive data entry tasks with memorized transactions that now include Purchase Invoices. Enter and save common transactions that you use repeatedly.

  • New mouseover text for fields provides extra information. In transaction windows with Item and Job fields, you can hover your mouse over the field to view the entire Item or Job ID as well as any Assemblies/Phase and Cost Codes associated with the Item or Job ID. Using this neat feature, you can hover over Item or Job ID fields to see the details in a popup rather than having to open each transaction just to be able to see the details. 

  • Ship To Name for Customer Lists. The Ship To Name now appears on the Customer Management tab for Sales Invoices, Sales Orders, Quotes, Item Sales History by Customer, and Proposals. Having the Ship to Name adds convenience and makes it easy to filter or group invoices, orders, quotes, or proposals by Ship to Name. 

  • Auto Entry.  This feature makes it easy for Sage 50 users to eliminate manual data entry tasks, such as expenses, invoices, payments, bills, receipts, and bank statements.

Download and Install Sage 50 2021.1 Version:

Important! If you use third-party products that integrate with Sage 50, check with the vendor of your third-party product to ensure their product is fully compatible with this release. If you integrate with other Sage products, check with your Certified Consultant or Sage to ensure that these components are compatible. 

The 2021.1 update will be sent to you automatically through your product. If you would like to download and install before the update is sent to you: 

1. Select Services > Check for Updates > Check Now 
2. If multiple updates appear, select the update(s) you want to install, then select Download 
3. Once the download has been completed, exit Sage 50 and the update will begin 

Tip: If you have Sage 50 installed on more than one computer, you will need to download and install on the server first. 

By Tim Hambsch
 Add your comments

Quickbooks and Sage 50 Tax Forms for 2020

24
9/24/2020

Sadly, the 2020 tax season is just around the corner (again)!  If you need year-end tax forms CBA's prices are better than buying directly from Intuit or Sage! If you don't know if you need a 3, 4 or 5 part 1099 form see the individual state filing requirements below.

THERE ARE CHANGES TO THE 1099 MISCELLANEOUS FORM THIS YEAR.  70% of those forms filed will now require that the 1099-NEC form be filed instead.  To comply with the 2020 tax filing requirements regarding this form change please review this article on our blog. 
 

Below is pricing for the most common 2020 small business tax forms:  


W2's


Package of 25 Sage 50 W2's & Self-Seal Envelopes $24.50 (W3's Included)


Package of 25 Quickbooks 4-part W2's & Self-Seal Envelopes $24.50 (W3's Included)

This is the correct form if you are in these states: Alaska (AK), Florida (FL), Nevada (NV), New Hampshire (NH), South Dakota (SD), Tennessee (TN), Texas (TX), Washington (WA), Wyoming (WY)


Package of 25 Quickbooks 6-part W2's & Self-Seal Envelopes $27.50 (W3's Included)

This is the correct form if you are in these states: Alabama (AL), Arkansas (AR), Arizona (AZ), California (CA), Colorado (CO), Connecticut (CT), Washington DC, Delaware (DE), Georgia (GA), Hawaii (HI), Iowa (IA), Idaho (ID), Illinois (IL), Indiana (IN), Kansas (KS), Kentucky (KY), Louisiana (LA), Maryland (MD), Maine (ME), Massachusetts (MA), Michigan (MI), Minnesota (MN), Missouri (MO), Mississippi (MS), Montana (MT), North Carolina (NC), North Dakota (ND),  Nebraska (NE), New Jersey (NJ), New Mexico (NM), New York (NY), Ohio (OH), Oklahoma (OK), Oregon (OR), Pennsylvania (PA), Rhode Island (RI), South Carolina (SC), Utah (UT), Virginia (VA), Vermont (VT), Wisconsin (WI), West Virginia (WV) 


1099 Forms (IRS Regulation for both Sage 50 and Quickbooks)


Package of 25 2020 1099 NEC or Miscellaneous 4-part Tax Forms & Self-Seal Envelopes $27.50 

(3 1096 Transmittal Forms Included)

Order this form if you are in Alabama (AL), Arizona (AZ), Arkansas (AR), California (CA), Connecticut (CT), Delaware (DE), Washington DC, Georgia (GA), Hawaii (HI), Idaho (ID), Indiana (IN), Iowa (IA), Kansas (KS), Kentucky (KT), Louisiana (LA), Massachusetts (MA), Minnesota (MN), Mississippi (MS), Michigan (MI), Montana (MT), New York (NY), North Carolina (NC), North Dakota (ND), Oklahoma (OK), Oregon (OR), Pennsylvania (PA), South Carolina (SC), Utah (UT), Virginia (VA),  Wisconsin (WI) 


Package of 25 2020 1099 NEC or Miscellaneous 3-part Tax Forms & Self-Seal Envelopes $25.50

(3 1096 Transmittal Forms Included)

Order this form if you are in Alaska (AK), Colorado (CO), Florida (FL), Illinois (IL), Maine (ME), Maryland (MD), Michigan (MI), Nebraska (NE), New Hampshire (NH), Nevada NV), New Jersey (NJ), New Mexico (NM), Ohio (OH), Rhode island (RI), South Dakota (SD),  Tennessee (TN), Texas (TX), Vermont (VT), Washington (WA), West Virginia (WV), Wyoming (WY)


We also do volume discounts for large orders. Call 1.800.339.8224 or email us for a quote.

To purchase now just email your order along with your company name, address and phone number and we'll send you an invoice to pay online.  Once it's been paid your forms will be shipped!  


By Tim Hambsch
 Add your comments

Payroll Enhancements in Sage 50 2021.1

22
9/22/2020

Sage 50 2021.1 is scheduled to be released later this month or early October.  The new versions incorporates new features to help you comply with reporting requirements for Form 941 Employer's Quarterly Federal Tax Return.  

This release automatically populates the amounts in the appropriate fields on Form 941 by extracting the amounts paid for Family and Sick leave allowed for under the Families First Coronavirus Response Act (FFCRA). There is also an option that allows employers to set up an unlimited number of Pay Types for both hourly and salaried employees.  

The new release will also accommodate the new 1099-NEC form that is replacing 70% of the 1099 Miscellaneous Forms that were previously filed.  This Tax Update is typically available the third week in December. Click here to read more about this tax form change.  

If you are on an active Sage 50 2020 or 2021 Business Care plan you will check for updates to receive this upgrade.  You will need to convert your company data after installing Sage 50—U.S. Edition 2021.1. If you need help with converting your data or installing the payroll enhancements you can contact Sage tech support at 1.868.747.3888 or for a fee we can also assist you via remote access with a Sage 50 Certified Consultant.  

If you are on an older version of Peachtree or Sage 50 and want to upgrade to the Sage 50 perpetual license (you own the software) or the Sage 50cloud / subscription please contact us for a quote.  

By Tim Hambsch
 Add your comments

50% Off Sage 50cloud 2021

17
9/17/2020
Through September 30, 2020 all new users to Sage 50 can purchase and receive a 50% discount.  Here are just a few benefits of Sage 50cloud:


  • You will be using the most up-to-date powerful Sage 50 Accounting product
  • Your most current accounting data available in the cloud via Remote Access feature (additional fees apply) and the easiest way to share your data with your accountant or bookkeeper
  • Microsoft 365 Business Standard integration
  • Access to Sage AP Automation to streamline the accounts payable process
  • Sage Intelligence Reporting for customizable Excel reporting
  • Automatic cloud backup with 1 TB of cloud storage with Microsoft OneDrive
  • The most productive way for you and your employees to work remotely
  • Cloud data protected with bank-level security when remote access utilized
  • Ability to send invoices through email with actionable "Pay Now" button
  • Choice of annual, or biannual payments
  • Benefits of Sage Business Care, including software updates, support, and more!
If you are ready to purchase a Sage 50cloud or would prefer the Sage 50 perpetual license (you own the software with no ongoing fees) please contact us at 1.800.339.8224 for pricing information.

By Tim Hambsch
 Add your comments

IRS State Filing Requirements for the IRS 1099 Form

1
9/1/2020

If you need to file a 1099 form this year (most common are the 1099-NEC, 1099 Miscellaneous or 1099-INT) below are the state filing requirements for the 2020 tax year:

State (Parts) 

Alabama (4 or 5) Alaska (3) Arizona (4) Arkansas (4 or 5) California (3 or 4) Colorado (4 or 5) Connecticut (4 or 5) Delaware (4 or 5) District of Columbia (4) Florida (3) Georgia (3 or 4) Hawaii (5) Idaho (4 or 5) Illinois (3 or 4) Indiana (4 or 5) Iowa (4 or 5) Kansas (4) Kentucky (3 or 4) Louisiana (3 or 4) Maine (4 or 5) Maryland (3 or 4) Massachusetts (4 or 5) Michigan (3 or 4) Minnesota (4 or 5) Mississippi (4 or 5) Missouri (3 or 4) Montana (4 or 5) Nebraska (4 or 5) Nevada (3) New Hampshire (3) New Jersey (4) New Mexico (3 or 4) New York (3 or 4) North Carolina (4 or 5) North Dakota (4 or 5) Ohio (4 or 5) Oklahoma (4 or 5) Oregon (3 or 4) Pennsylvania (4 or 5) Rhode Island (4) South Carolina (4 or 5) South Dakota (3) Tennessee (3) Texas (3) Utah (4 or 5) Vermont (3 or 4) Virginia (4) Washington (3) West Virginia (4) Wisconsin (4 or 5) Wyoming (3) 

States noted as 3- or 4-part for 1099-MISC filing: If federal taxes have been withheld on the 1099-MISC, then a 4-part form is required; otherwise, a copy is not required to be filed with the recipient’s personal taxes. 

Some states require a 5-part form if Box 15 (State tax withheld) is filled in in on the 1099 Miscellaneous form.


By Tim Hambsch
 Add your comments



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September (6)
•Sage 50 2016 Keyboard Shortcuts
•Upgrade Now & Save on Sage 50 2016 Accounting Software
•Sales & Use Tax Compliance for Dummies - Download Free e-book now!
•Advanced Security Controls in Sage 50 Quantum
•Affordable Care Act (ACA) & Sage 50 2015 Tax Form Filing Requirements
•New Obsolescence Message in Sage 50
August (7)
•Upgrade Now to Sage 50 2016 Premium & Save 30%
•Sage 50 (Peachtree) Checks & Forms
•Sage Summit 2015 Annual Conference
•Fine Tune Your Excel Skills for Effective Sage 50 Intelligence Reporting
•Free Sage 50 Intelligence Report Training Webinar
•Activating Sage 50 (Peachtree) Intelligence Reporting
•Sage 50 2016 Accounting is Here!
July (4)
•Sage Drive for Sage 50 U.S. Edition Coming Soon!
•Upgrade Now to Sage 50 Quantum- Save 30%
•Windows Server 2003 NOT supported by Sage 50 2016
•Free Sage Intelligence Training Webinars
June (5)
•Sage 50-U.S. Edition is not currently supported on Windows 10
•2015 Mid-Year Business Review
•Coming Soon...Sage 50 Accounting 2016
•FREE Sage 50 Intelligence Webcast: Get a Quick Health Check of Your Financial Status With the Sage 50 Financial Dashboard
•Sage 50 2015 Obsolescence & FAQ’s
May (4)
•Thank you to our Sage 50 (Peachtree) Customers!
•FREE Sage 50 Intelligence Training Webinar
•Sage Summit Annual Conference - New Orleans, Louisiana
•Save Time with Sage 50 Intelligence Reporting
April (7)
•Free Sage 50 Training Webinar: Learn to Utilize The New Features in Sage 50 2015 SR-3
•FREE Sage 50 Intelligence Training Webinar
•FREE Sage 50 Intelligence Training Webinar
•FREE Sage 50 Intelligence Webinar - Using the Connector Module
•Sage 50 (Peachtree) Obsolete Software and Upgrade Conversion
•Sage 50 Accounting Software and CBA
•Sage 50 Intelligence Project Status Report
March (5)
•What’s New in the Sage 50 2015 Release Update?
•The 1,2,3’s of Running your Business ... Backwards!!
•FREE Sage 50 Intelligence Training Webinar
•March Madness...Save on Sage 50 Software!
•Sage 50 2013 (Peachtree) Obsolescence Policy
February (3)
•Sage Intelligence Reporting FAQ’s
•Purging Unnecessary Data from Sage 50
•Sage 50 Recurring Transactions / Billing
January (5)
•FREE Webinar: Automate Your Financial & Management Reports & Analyze Them in Excel
•Free Webinar: How to Set Up a Sales Report in Sage 50 Intelligence to Automatically Distribute to Sales Team
•Analyze & Present Your Data Professionally Using Sage 50 Intelligence & Excel PivotTables & PivotCharts
•How Do I Print My Sage 50 W-2s?
•How Do I Print My Sage 50 1099 Forms?

 2014
December (2)
•FREE Sage 50 Quantum Manufacturing (MISys®) Webcast
•Sage 50 2014 Year End Checklist
November (1)
•Sage 50 Credit Card Services & Mobile Payment Solutions
October (6)
•The FEAR of the End of the Year Physical Inventory!
•Sage 50 2015.2 - Issues with Update Installation
•FREE Sage 50 Intelligence Training Webinar: Standard Inventory Analysis Report
•How Do I Enter a Credit Memo in Sage 50?
•How to Process a Customer Refund in Sage 50
•Sage 50 Accounting Software
September (2)
•How to Add Payment Status to a Sales Invoice
•SAGE 50 MOBILE SALES
August (3)
•Rolling 12 Month Profit & Loss (Income Statement)
•Maintaining Control of Your Inventory
•Sage 50 Training
July (4)
•Sage 50 Business Accounting Software In New York
•FREE Sage 50 2015 Quantum Webcast
•Custom Forms in Sage 50
•FREE Sage 50 Training for Sage Business Intelligence
June (1)
•2014 Midyear Review
May (3)
•Sage 50 Obsolescence Policy
•Thank you for all your support!
•Sage 50 Business Accounting Software in Ohio
April (2)
•The Future of Sage 50 Complete and Vertical Products
•Sage 50 Accounting 2015 Enhancements
March (4)
•Discontinuation Notice: United Parcel Service (UPS®) Integration with Sage 50
•Sage 50 Discontinuing Crystal Reports
•Sage 50 2015 Coming Soon!!
•Using Intelligence Reporting to Automatically Update Customer’s FTP Site
February (1)
•Getting Control of your Inventory

 2013
October (3)
•Don’t be Spooked by Year End... Be Prepared!
•Seven Reasons to Outsource Your Bookkeeping
•Analysis Paralysis
August (3)
•Sage 50 Business Accounting Software In Panama
•Sage 50 Business Accounting Software In Texas
•Using “Job” Costing Creatively in Sage 50
July (3)
•Sage 50 Business Accounting Software In Illinois
•Sage 50 Business Accounting Software In California
•Sage 50 Business Accounting Software In Florida
May (1)
•Where’s my Company Data?
April (3)
•IMPORTANT: Correct Business Care Renewal Pricing
•Sage 50 Intelligence Reporting
•Sage 50 2014 Released and Installed!!
March (1)
•WHAT’S NEW IN SAGE 50 2014
February (2)
•Renew your Expired Peachtree Quantum Now!
•Sage 50 Windows 8 Compatibility Update
January (2)
•New Year’s is Over ... Now What??
•Sage 50 Business Accounting Software In New Jersey

 2012
October (1)
•It’s ALL About Cash Flow!
September (2)
•Sage 50 Business Accounting Software In Louisiana
•How to Use Memorized Transactions
August (1)
•Sage 50 2013 Installation Tips
July (1)
•Custom Forms (Quotes, Invoices, PO’s, etc) are Slow to Print
June (1)
•Business Intelligence Inventory Report Missing in Sage 50 2013??
May (1)
•How can I easily compare monthly sales year over year for a specific item?
April (3)
•How can I put a Disclaimer on a Sales Invoice?
•Which Sage 50 "Flavor" is Right for Your Business?
•Sage 50 (formerly Peachtree) 2013 Early Bird Savings!!!
March (10)
•Sage Peachtree’s New Sage 50 U.S. Edition Names
•BI Report to Run 32 Financial Reports at Once
•April 2012 Sage Peachtree Payroll Solutions Update
•What Do Quote Approval and AR Collections Processes Have in Common?
•How to Add Your GL Account Numbers to your Financial Statements
•When asked if team, product or market is most important?
•MISys Manufacturing Service Pack v5.0.0.5 Released
•Can you Save 20% on your Credit Card Processing Fees?
•4.2% Employee SS Tax Withholding Rate Extended
•The Risk of Changing Last Year’s Accounting Data
February (1)
•Turn your Cell Phone into a Mobile Payments Device
January (1)
•Sage Peachtree is Going Away in 2012??


Tag Cloud
  • Intelligence reporting
  • Sage 50 business intelligence
  • Sage 50 intelligence reporting
  • Sage 50 training
  • Peachtree custom reports
  • Crystal reports
  • Sage 50 custom reports
  • Peachtree custom reporting
  • Sage 50 quantum
  • Sage intelligence reports
  • Sage 50 job reporting
  • Sage 50 2017
  • Sage 50 intelligence reports
  • Sage 50 inventory
  • Peachtree training
  • Sage 50 premium
  • Sage 50 report training
  • Peachtree reports
  • Sage 50 cloud
  • Sage 50 complete



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