Micro Force -Velosio Newsletter Oct 2020 - Dynamics GP, COVID-19 and Working From Home

Greetings!

Despite the changing world the Covid-19 virus pandemic has brought about, we hope that you and yours have still had a chance to enjoy the summer! As Autumn slowly deepens, we continue to look forward to providing you with various offerings and tips to help you and your team get the most from your Microsoft Dynamics GP business software system.

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Budgeting Webinar for Your GP System

Since we are in the midst of budgeting season, we introduced in a prior newsletter that there are a myriad of options for GP users to choose from. Last month, we presented a webinar that demonstrated the financial budgeting functional that is included in your Dynamics GP system.

We will offer a presentation regarding an enhanced budgeting solution that can be added to your Dynamics GP system from Solver. We are naming this webinar Budgeting 102, and it is being offered on Wednesday, November 4th from noon to 1 pm. So if this would be of interest to you, to sign up for this free Lunch N Learn, please click here to register.

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New 1099 Non-Employee Compensation Reporting Requirement for 2020

The IRS has announced that there will be a change to your 1099 reporting come January. The new 1099-NEC (NEC stands for Non-Employee Compensation) is based on an old form that has been out of use since 1982. This will require an update by Microsoft to address this 1099 change.

Dynamics GP will release an update (GP year -end update) in the