For our US customers:
Tax Year 2020 has a major change for 1099 processing with the reintroduction of the NEC 1099 form that was last seen in the 1980s. The NEC 1099 form replaces the old Box 7 for NonEmployee Compensation (NEC) on the 1099 MISC form.
If your vendors have non-employee compensation type keys assigned to them, then their 1099 NEC form will generate correctly without having to change vendor, voucher or payment information. In other words, you should not have to change an vendor or voucher due to this change.
SBT Executive Series uses a set of 1099 keys which are then mapped to the appropriate 1099 forms and boxes. For any given tax year, an Executive Series key may have a different form type and box associated with it. The 1099 information screen (AP|Vendor Setup|1099 Information) has this information. As long as your vendors and vouchers have the correct keys assigned to them, you should (usually) not have to update vendors in order to comply with these sorts of changes. The only real difference this year is the extra 1099 NEC form that you may have to print.
ES 8.0 includes over 160 enhancements!
SBT 2017 Release – Montvale Para Holdings Implements Executive Series Oct 1, 2017 (Philadelphia, PA) – Searer Business Technology, Inc., a market leader in affordable… Read More »Montvale Para Holdings Implements Executive Series
FOR IMMEDIATE RELEASE:
Executive Series Version 7.0 Released
Philadelphia PA, April 18, 2017 – Searer Business Technology announces Executive Series Version 7.0.
Searer Business Technology has released version 7.0 of Executive Series which includes over 120 new features and enhancements. Import file data mapping is now a standard feature that allows easy mapping of a file layout into an Executive Series document API such as customer, invoice, journal entry, etc. Read More »Executive Series Version 7.0 Released
Philadelphia PA, January 10, 2017 – SBT adds support for installable web application format as an option for Executive Series cloud deployment. Executive Series Cloud… Read More »Executive Series Cloud supports installable web application deployments
Philadelphia PA, April 21, 2015 – SBT delivers concurrent user licensing
Executive Series Cloud customers have asked for a licensing change from named user to concurrent user. As a result, starting April 21, 2015 user licensing is based on the concurrent user model. Read More »SBT delivers concurrent user licensing for Executive Series Cloud accounting
Philadelphia PA, March 16, 2015 – SBT adds supports for additional browsers. In addition to Internet Explorer, Executive Series cloud version now runs on browsers such… Read More »Executive Series Cloud adds support for additional web browsers
Philadelphia PA, February 19, 2015 – SBT announces Executive Series Version 6.4.
Accounting software developer Searer Business Technology has released version 6.4 of Executive Series. This release includes over 100 new features and enhancements. Included is a new standard customizer feature which allows administrators to create a custom look and feel to Read More »Executive Series Version 6.4 Released