News

1099 Changes for Tax Year 2020 – NEC and MISC

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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.

Read More »1099 Changes for Tax Year 2020 – NEC and MISC

Executive Series Version 7.0 Released

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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

Executive Series Version 6.4 Released

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Press Release

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

Executive Series Version 6.3 Released

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Press Release

July 15, 2013, Philadelphia, PA.

Executive Series Version 6.3

Philadelphia PA, July 15 – Searer Business Technology announces Executive Series Version 6.3.

The latest iteration of Executive Series continues SBT’s strong track record of providing clients with market leading functionality in accounting software. Read More »Executive Series Version 6.3 Released