Insights

12 Days of Sage Intacct: 1099 Functionality

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As a premier Sage Intacct partner, we wind down our year and celebrate how, for 20 years, they have brought us tidings and joy (and excellent finance and accounting tools). We gladly bring you … the 12 Days of Sage Intacct.

On the eleventh day of Christmas, Sage Intacct gave to me: advanced 1099 functionality to simplify and accelerate my year-end process.

Every year, companies face hassle and frustration prior to the 1099 submission deadline. Often, as they are added throughout the year, vendors or employees are not marked as 1099 eligible, requiring companies to manually sift through records to determine which transactions should be indicated as qualified. Not with Sage Intacct!

Sage Intacct customers have benefited immensely from their ability to manage and maintain 1099 status and type by providing the capability to mass update their vendors’ status, type, and opening balance. Even if numerous vendors were not marked as eligible during the year, Intacct can easily track and update their transactions, including vendors with multiple 1099 types.

Out-of-the-box functionality provides customers the ability to print finalized 1099 forms directly from Sage Intacct or easily integrate with third-party services in order to enable e-filing capabilities.

One of CrossCountry’s financial services clients files hundreds of 1099 forms each year. In order to keep their accounting function running smoothly, they have chosen to integrate Sage Intacct with a marketplace partner who electronically files their 1099 submissions. This ensures their finance team is not spending hours (or days) printing and stuffing envelopes when they could be focusing on more value-add activities. This is just one of many examples of how Sage Intacct makes your finance function more efficient.

Because 1099 season is right around the corner, please don’t hesitate to reach out to CrossCountry to see how we can help! To learn more about Sage Intacct and sign up for their 30-minute Coffee Break Demo, click here. To learn more about CrossCountry’s Sage Intacct capabilities, please click here.

12 Days of Sage Intacct: Financial Reporting Tools
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