Sage 100 Electronic Reporting
The Internal Revenue Service Government Regulations outline the procedure for submitting year-end W-2 and 1099 information on electronic media. According to these regulations, companies reporting 250 or more W-2 or 1099 forms must file this information using electronic media. The simple, easy-to-use Electronic Reporting module for the Sage 100 ERP (formerly Sage ERP MAS 90 and 200) system is designed to assist you in complying with these regulations.
The Electronic Reporting module provides the capabilities for reporting wage and payment information from the Payroll and Accounts Payable modules and 1099-INT, 1099-DIV, and 1099-MISC information and submit it electronically in the format required by the federal government.
Several states have also adopted electronic reporting regulations, using the federal reporting requirements as guidelines. Sage 100 ERP users who file W-2s for employees or 1099s for vendors who work or live in the states that comply with either the current federal MMREF-1 format or the TIB-4 format can file their state information using the Electronic Reporting module. This module, connects with the Payroll and Accounts Payable modules, to help you comply with tax regulations quickly and easily.
*This module is compatible with Sage 100 Standard and Advanced ERP.
The simple, easy-to use Electronic Reporting module is designed to assist you in submitting year-end W-2 and 1099 information and complying with regulations.
- Process payroll without the paper— save time, money, and the environment
- Increase efficiencies by electronically routing to the specified financial institution
- Reduce the risk of fraud and conform to NACHA standards
- Provide convenient payroll disbursements more quickly to your employees
- Allow your employees to allocate by percentage or amount to multiple accounts
Compatible with Sage 100 Standard and Advanced ERP
Electronic Reporting automatically retrieves and transfers W-2 information from the Payroll module, eliminating tedious manual entry for reporting purposes.
Electronic Reporting automatically retrieves 1099-INT, 1099-DIV, and 1099-MISC information from the Accounts Payable module, providing an easy method for companies to comply with government filing regulations.
Specific reporting information for each state varies, depending upon each state’s requirements. The Electronic Reporting module supports the states that comply with the federal filing format. This ensures that your system generates accurate filings and minimizes rejections from government agencies.
Some government agencies require you to submit a test file along with an application to file electronically. The Sage 100 ERP Electronic Reporting module provides test runs of federal and state W-2s and 1099s, giving you the ability to comply with this requirement.
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