News and announcements

TPAC 2018

This past February was the Third-Party Advantage Conference (TPAC) held in Vancouver, British Colombia, Canada. I had the opportunity to visit this beautiful city and participate in the conference that brings together a great group of products and people on the Sage 300 ERP platform. Sage Business Partners, Development Partners, and customers from all over the globe were in attendance to discover what products are available on the market to enhance an end user’s Sage 300 experience.

I was in Vancouver the week before TPAC to attend a pre-conference training session for AutoSimply, one of the featured third-party exhibitors at the conference. The two-day training session discussed how to utilize the Manufacturing Order Module (version 2018) within Sage 300. The Manufacturing Order Module allows end users to create Bills Of Material (BOMs), manufacturing order entries, returns, and receipts. Other modules that were discussed, which can be added to Sage 300 in addition to the Manufacturing Order Module, includes Manufacturing Lots for lot control operations; Production Planning for budgeting and forecasting; and Shop Floor Control for tracking manufacturing operations such as runtime and operation downtime. AutoSimply also discussed their Inventory Barcode Manufacturing product which allows end users to scan compatible barcodes and automatically upload the information to their Sage 300 ERP. End users can also create Purchase Order (PO) Receipts, PO Returns, Order Entry (OE) Shipments and OE Returns from their handheld barcode scanning device.

At the end of the two-day AutoSimply training session, I was awarded a Certificate of Completion from AutoSimply.

I also attended a conference session regarding new features coming to the next version of Sage Alerts & Workflow led by Donald Farber of Vineyardsoft, a developer of the product. The next version of Sage Alerts & Workflow will be web based for convenient user access along with modern web screen designs.

Sage Alerts & Workflow is a query reporting software that notifies end users of events that users without Sage Alerts could only “wish they had known sooner.” These events include lists of: customers with open invoices due over ‘x’ days ago; customers whose credit cards expire next month; open sales orders that have not been shipped yet and are past the expected ship date; orders that have been shipped to the customer but have not been invoiced, etc. These reports can be set to automatically run on certain time intervals such as “Daily at 9am” or “Every 4th Friday of the Month,” and sent via email, text, or fax to persons of different departments and management levels internally and externally according to a business’ needs. Sage Alerts & Workflow is a great tool for users to keep track of their business from all angles.

Overall, TPAC 2018 was a successful and enlightening event to attend, to forge new relationships and learn about different products that operate alongside Sage 300. I look forward to attending again next year!

Sage 100 Success Story with Mervin Manufacturing Snowboards

WAC Solution Partners Helping Businesses to Grow Effectively

 

As providers of accounting software, implementation and support, we offer a wide range of solutions designed to fit businesses and non-profits of all sizes. Our combination of products and services allow you to better manage your accounting and to make insightful decisions about your company’s future.

EXPERTISE WITH LOCAL ROOTS AND NATIONAL REACH

This is a success story about a very fun customer Mervin Manufacturing that we began working with in 1989. It was a great partnership.

Mervin Manufacturing is home to Lib Tech, GNU, Roxy and Bent Metal Bindings and is a leading designer and manufacture of snowboarding products. We began working with Mervin Manufacturing in 1989 when they were just a 10-year-old company.

They were looking for a partner to help them grow their business to the next level. Our company provides small business bookkeeping services as well as Accounting Software system sales, implementation, support and training.

They originally called us because we were close to their Seattle office, initially it was a box of checks. The project was to reconcile their bank accounts and do monthly financial statements for them, we did all the accounting on our system.  We also did their accounts payable and payroll.

As the company grew further they asked us to provide an in-house accounting system and computer network system. We sourced an IT company for the computers and sold them Sage 100 (Formally MAS 90). Their original customer base was on an Apple Macintosh that we helped them bring over to the new Sage 100 (Formally MAS 90) system.

This was a phased in training and implementation, first the financial modules including General Ledger, Accounts Payable, Accounts Receivable and Payroll. And then the distribution modules which included Inventory, Sales Order and Purchase Order.

We trained the customer staff from the ground up as they had never had much experience with Sage 100 (Formally MAS 90) or other accounting systems.

Upon completion of the Software Implementation we continuing as their outsourced accounting company. We provided monthly financial statements, did their payroll for them, closed all the accounting and distribution modules monthly. We remained their accounting company for over 10 years.

Eventually Mervin Manufacturing was sold to Quiksilver and in recent years the company was repurchased and now operates as an independent standalone company under Altamont. They are home to many snowboard enthusiasts and many Olympic snowboard athletes.

Review of Sage Sessions in Los Angeles, February 13, 2018.

It was my pleasure to attend the first Sage Sessions at the Los Angeles Westin Bonaventure. This was the first of 10 Sage North America events. 6 US cities and 4 Canadian cities.
The single day events focus was on Sage partners, customers and solutions, with powerful keynotes, networking opportunities, product demos, and more. These events replaced the previous mega conferences called Sage Summit located in one city over a week-long period.
SageSessions was a fun informative breath of fresh air from our perspective as a longtime Sage Business Partner. It was close in Los Angeles, so we had the chance to invite many of our local customers in the Southern California area and being only one day it was very easy to attend.
The hosts from Sage were Dave Faupel @davezamazing VP Field Marketing, and Nancy Harris @SageNancyHarris Managing Director Sage North America @SageNAmerica. The opening message from Nancy was “We are all about customers and we are interested in your success.” We loved that message.
The keynote was John Garrett @RecoveringCPA, TheRecoveringCPA.com. John gave an incredible talk about being relatable and real and “Don’t let your professionalism suffocate your personality. After the initial keynotes there were technical content and business development sessions focused on real issues customers are facing in todays world as well as several updates on new Sage Products.
One of the sessions I attended and really loved was Sage 100c tips and tricks done by Johnnie Woodward @JohnnieWoodward ‏ Sage Field Sales Engineer – Sage 100 & Sage CRM from Sage. There were several new features presented that most people in the room could really benefit from.
There was a section of the conference dedicated to product demos from many of the sponsors, Sage and ISV’s that provide a wealth of information to our customers.
All in all, SageSessions was an absolute great investment of our and our customers time.
A list of upcoming sessions scheduled at this time:

Chicago, IL April 24
Location
Hyatt Regency Chicago
151 E Wacker Dr.
Chicago, IL 60601

Toronto, ON May 8
Location
Westin Toronto
One Harbour Square
Toronto, ON M5J 1A6

Austin, TX May

Atlanta, GA June

Montreal, QC June 26
Location
Hyatt Regency Montreal
1255 Jeanne Mance St.
Montreal, QC H5B 1E5

Edmonton, AB July

New York, NY July

Seattle, WA August 7
Location
Hilton Bellevue
300 112th Avenue SE
Bellevue, WA 98004

 

Vancouver, BC
September

Registration and Detailed Information

 

 

Registration and Detailed Information

New Tax Law Changes for 2018

By now we are all aware that there are new tax tables coming due to tax reform. While most everyone will see a difference in their paycheck by February 15, there are still some details that aren’t quite ready. As the tax law is written, there will be no personal exemptions for 2018. So, what are we supposed to do with those W-4 forms that we have from our employees?

The IRS recently released a notice with additional information regarding those W-4 forms. The notice extends the effective period of the current Forms W-4 until February 28, 2018 and does the following:

• Temporarily suspends the requirement that employees must furnish their employers new Forms W-4 within 10
of changes in status that reduce the withholding allowances they are entitled to claim;
• Extends the use of the 2017 W-4 Form until the 2018 W-4 Form is available;
• Provides that the withholding rate on supplemental wage payments is 22 percent for 2018 through 2025; and
• Provides that, for 2018, withholding on periodic payments when no withholding certificate is in effect is
based on treating the payee as a married individual claiming three withholding allowances.

Basically, it is going to take the IRS quite some time to redesign the W-4 so it reflects the changes in the new tax law, so to minimize the burden on employees and employers, the IRS and the Treasury Department designed the 2018 withholding tables to work with the Forms W-4 that employees have already furnished their employers. Once the newly designed 2018 Form W-4 is released employees will have 30 days to submit the new forms to their employers.

Bob Scott’s VAR Stars 2017 Announced

Bob Scott’s VAR Stars 2017 Announced

WAC Solution Partners has again been selected as a member of the Bob Scott’s VAR Stars for 2017, a group of 100 organizations honored for their accomplishments in the field of midmarket financial software. WAC Solution Partners have won this award every year since its inception in 2009.

Members of the VAR Stars were selected based on factors such growth, industry leadership and recognition, and innovation. Selection is not based on revenue and those firms chosen represent a wide range of size and many different software publishers of accounting software.

“Each year, 100 VAR Stars are picked from the best organizations that market financial software. It is always an honor to recognize those who contribute to the development of our business,” Bob Scott said.

About Bob Scott
Bob Scott has been informing and entertaining the mid-market financial software community via his email newsletters for 17 years. He has published this information via the “Bob Scott’s Insights” newsletter and website since 2009. He has covered this market for more than 25 years through print and electronic publications, first as technology editor of Accounting Today and then as the Editor of Accounting Technology from 1997 through 2009. He has covered the traditional tax and accounting profession during the same time and has continued to address that market as executive editor of the Progressive Accountant since 2009.

About PMG360, Inc.
Bob Scott’s Insights and the Progressive Accountant are published by PMG360. PMG370 (www.pmg360.com) is a leading online media company that provides business-to-business (B2B) marketers and media planners unparalleled access to a highly qualified and engaged audience through their portfolio of lead generation programs, industry-specific Web sites, email newsletters, Web seminars, live events, podcasts, content/reviews, custom publishing and direct marketing databases focusing on the nonprofit, healthcare and accounting professionals.

Tax Cuts and Jobs Act

On December 22, 2017 President Trump signed the largest income tax change in thirty years.

It is a complex bill with many changes, but for the most part taxpayers will be paying less taxes in 2018. With 3 simple examples I shall try to demonstrate the impact this new law may have on your own situation.

A single person making $50K using the standard deduction will pay $5,638.50 in 2017. Compare that to $5,223.75 in 2018 – a savings of $414.75.

A married couple filing joint return using the standard deduction with no dependents will pay $11,277.25 in 2017. Compare that to $10,447.50 in 2018 – a savings of $829.75.

Finally, a married couple using the standard deduction with 2 dependents under 17 will pay $7,732.35 in 2017. Compare that to $6447.50 in 2018 – a saving of $1,284.85.

The driving factor behind the savings is the increase in the child tax credit as well as standard deduction.  Whereas currently about 70% of taxpayers use the standard deduction, the new tax law is expected to rise this number up to 95%. An impact on states with high property and income taxes is also anticipated since the new law also dictates the limit of itemized deductions for state and local taxes for not to exceed $10K.

Ultimately, this article only covers the impact of the individual tax changes, the corporate changes are much more dramatic. Please consult a tax professional for more complete information.

Written by Michael Ericksen, WAC Solution Partners- Midwest

Costly Ghosts and Zombies in Your Business

Costly Ghosts and Zombies in Your Business
by Gary Maher, Sage Partner Account Manager

October is a great month to do something about your Ghost and Zombie Assets. After all what’s scarier than a ghost and zombie other than a ghost and zombie that are stealing money from you?

Okay, well maybe they are not stealing it, but they are costing you money you don’t need to spend (or will cost you money). So what makes them this frightening?

“Ghost Assets” are those assets that are currently on your books, but are no longer in service. Think of items that have been disposed of, misplaced, lost, stolen or damaged as some of the most popular Ghost Assets that are nowhere to be found in your actual inventory. You threw that computer or phone away but “Boo” they are still on the books.

These can be quite prevalent in most organizations as the average company’s inventory is comprised of 15%-30% ghost assets. For example, if you have $2 million in depreciable fixed assets and 15% of that is ghost assets (taking the low end of the range), then you are listing $300,000 in assets that don’t exist. Again, assuming average tax rates and depreciation, these ghost assets are costing your organization more than $50,000 in tax overpayments each year! Those are expensive ghosts! Of course, eliminating them may make you feel like a superhero.

On the opposite side, are the “Zombie Assets”. A zombie asset can be found during your physical audit, however it is nowhere to be found on the fixed assets register. Tracking these zombie assets brings value back to your company and protects you from fines for under reporting (think how scary an actual audit would be in this scenario). Generally, each company has Zombie Assets equal to 12% of their inventory just walking around lifeless. Thus in the value of ghosts vs. zombies, the ghosts win but they are both hurting your organization. In fact, utilizing the industry averages it may be frightening to realize that almost 40% or more of your organization’s assets can be classified this way.

So how can you ensure you are compliance but not paying more than you owe?

Automation is the key. Spreadsheets and manual methods won’t work beyond a few assets and help create ghosts and zombies by being inefficient. Automation tools, such as Sage Fixed Assets, enable more complete and organized physical audits, which are essential to knowing which assets are where. Of course, having better ongoing methods for tracking assets as they are added or disposed of helps as well.

In short, tools such as Sage Fixed Assets are smart investments and pay for themselves rapidly, not only in saved taxes and greater efficiencies (see for yourself with this easy to use ROI calculator: http://go.sage.com/SFA_ROICalculator), but in piece of mind. Here’s another scary fact, did you know there are over 300,000 GAAP and IRS rules and regulations for depreciation calculations? Sage Fixed Assets does, and keeps up with them for you protecting you from audit horror stories.

Whatever method you choose, make sure to make this Halloween a little less frightening by eliminating the ghost and zombie assets in your organization. For more information on how Sage Fixed Assets can help check https://www.sage.com/en-us/products/sage-fixed-assets/ or feel free to email me at gary.maher@sage.com.

Happy zombie hunting and ghost busting!

 

 

Paid Sick Leave

Sometimes employers need to be aware of the trends that are occurring in other states as well as their own.  The debate over paid sick leave laws is one of those trends that is picking up steam in more and more states.  There is no current federal law requiring employers to offer paid sick leave to employees, but eight states and the District of Columbia already have such laws in place.  Some cities and counties are even requiring private employers to provide paid sick leave to their employees.  If you have employees in Arizona, California, Connecticut, Massachusetts, Oregon, Vermont or Washington, D.C. you are already aware of these laws.  If you have employees in North Carolina, Maine, Maryland, Michigan, Minnesota, or Pennsylvania you should know that sick pay laws are currently being debated.  Some forms of these laws have been passed or debated in 26 states.

Several organizations are offering model legislation for paid sick leave laws.  Most propose that employees should be able to earn 1 hour of paid sick leave for every 30 or 40 hours worked.  Most cap the amount of sick leave that can be accrued, usually between 40 to 56 hours. Some states pro-rate the cap based on company size. Many of them look at a threshold of 15 employees before an employer is covered by the law, but not all.

There is no Illinois law covering paid sick leave but Cook County recently passed a Paid Sick Leave law that became effective on July 1, 2017.  It can apply to employers with even one eligible employee, that is any employee who has worked at least 80 hours regardless of location for a Covered Employer in any 120-day period. Such employees accrue one hour of sick leave for every 40 hours that he or she works for the Covered Employer within the boundaries of Cook County.  Municipalities may exempt themselves and many have.  For the complete list see https://pslatwork.files.wordpress.com/2016/10/071417-opt-out-list-3-column-pdf.pdf

With all the activity at the state level it is not surprising that the Federal Government would take notice.  The Healthy Families Act was first introduced at the Federal level in 2009 and was reintroduced this past March.  The Federal bill defines a covered employer as one that employs 15 or more employees for each working day during each of 20 or more calendar workweeks in the current or preceding calendar year. Employees would accrue 1 hour of paid sick time for every 30 hours worked, to a cap of 56 hours in a calendar year.

This is an issue that will affect many employers over the coming years.  If you are designing a policy now, be aware of how the proposed laws are being written.  If you do not have a sick pay policy, make sure you are tracking your employees work days in such a way that you can determine whether your company would be covered based on current or pending legislation.  To track legislation at the federal level, see www.govtrack.us.  For information at the state level see www.sageemployerresources.com. For specific information on Cook County see www.cookcountyil.gov/service/earned-sick-leave-ordinance-0

 

 

Whats New with Sage CRM 2017 R2, effective March 29th

What’s new with Sage CRM 2017 R2?

Upgrade to Sage CRM 2017 R2 and experience a host of new features designed to further optimize how you run your business, and give you unparalleled company-wide visibility.

What’s new?

  • Calendar – Sage CRM 2017 R2 continues to enhance calendar capabilities by adding the ability to view appointments assigned to a team member within the new Timeline view. The new Month calendar shows appointments that you and your colleagues have planned for the selected month. This release also adds the option to print calendars, and the ability customize calendar icons and colors to the new calendar interface.
    • Auto Suggest e-mail recipients – Improved efficiency is delivered through the ability to simply type the individual or company name, or start of the email address into the To, CC or BCC fields. Sage CRM will automatically display a list of matching records.
  • Support for MailChimp API 3.0 – Sage CRM is now compatible with the new MailChimp API version 3.0. With this update, all the MailChimp Integration features will continue to work with MailChimp 3.0.
  • System Health – System administrators now have greater visibility into the health of their CRM features and components, along with direct links to help to resolve identified issues.
  • Customer Cases – Over 90 customer cases are addressed with Sage CRM 2017 R2.

Supported Editions Update:

  • Sage CRM 7.2 will no longer be supported with effect from July 2017.

Contact WAC Solution Partners to get your updated version. inquiry@wacptrs.com

Acumatica’s recent Summit recap

Acumatica Summit

We recently wrapped up a wonderful week of networking and education at Acumatica Summit in sunny San Diego.  What a fantastic event! Last year when I attended my first Summit I felt like I was drinking from a fire hose.  We were introducing ourselves to a new community of software development partners, getting familiar with the product interface and meeting so many new people.  This year, I was much more relaxed and really felt like I could enjoy the community of Acumatica Partners and the class sessions.

The keynotes shared a wealth of information about the direction cloud deployment is going and leading the pack in many ways is Acumatica ERP.  John Roskill discussed moving to the multi-cloud environment and the importance of having a business system like Acumatica which takes advantage of the multi-cloud world.  Here is a copy of a side John presented in his presentation which shows the multi-cloud products Acumatica integrates with today.

Acumatica Summit

 

Acumatica’s early and ongoing investment in web services and REST API endpoints has allowed our application and customers to work in the multi- cloud world.  This is very cool technology and is available in the application today.  We had two development partners, Infinity HR and DocuSign both demonstrate how they are able to integrate their applications using the API endpoints.

This is just one example of the many exciting advancements Acumatica customers will be able to take advantage of in the near future.  Acumatica announced the release of version 6.1 at the conference also.  This version includes many features customers have been asking for like, the ability to change the sales order customers, approvals for expense receipts, enhanced warehouse shipper addresses, and increased integration with Power BI.

It is so fun to be involved with a true technology company like Acumatica. I look forward to a successful year and next year’s conference in Nashville Tennessee January 28-31, 2018.

Written by Gary Jensen

WAC Solution Partners- Utah

(801) 561-9955