Happy Holidays!
As we approach the end of the year, we want to send a special thank you to all of our customers for allowing us to serve and help with your ERP needs. We look forward to another year of service and education.
This issue provides a look at the UI for Acumatica in 2024 R2, Velixo NX 2024.11 notes, MDSL Year End Information and Support, Compare Dynamics 365 to Acumatica, the AccuNet-Forum Survey.
Let’s dig in.
2025 Test Drive Acumatica Offer
If you are interested in the AccuNet Test Drive of Acumatica (GL, AP, AR) in 2025, please reach out to us so that we can secure your spot. AccuNet is offering this to 8 companies, (2 per quarter in 2025) SECURE your place on the list as it is a great value in your path to move forward with Acumatica!
“Acumatica has been on an exciting journey towards delivering a modern User Interface (UI), something we first gave our community a glimpse of at the 2023 Summit. With each subsequent product release and update, we have been moving forward on a significant transformation that will positively impact how our customers work and get things done. From an engineering perspective, this project has been a top priority as we move away from our legacy ASPX code and embrace leading-edge technologies to enhance and upgrade the Acumatica experience.
As we continue to fine-tune the way the front-end connects to the back-end, we used the launch of our latest product update, Acumatica 2024 R2, to share some of the new UI’s key features. In this blog, we will provide a technical overview, and lay out some of the key benefits, for developers, partners, and users. In part two of this two-blog series, we will cover some of the key features in R2 including field sets, screen personalization, and filters.”
Part I: A Modern User Interface for a New Technology Era | Acumatica Cloud ERP
Year End Procedures
As the end of the year approaches, we encourage you to make sure all activities related to it are tested in advance in order to eliminate possible issues. There are the knowledge base articles and product announcements that could help you out with that.
If you need AccuNet assistance with any of your year-end processing, please reach out to your consultant or the HELP desk at AccuNet.
Velixo NX 2024.11
For our Velixo clients, or anyone interested in this fantastic add on to Acumatica, here is some info on the latest edition.
Velixo NX 2024.11 is out!
- Smart links
- Embedded Free Trial experience
- Writeback processing order options
- New Full Refresh option
- Many improvements & fixes
Dynamics SL 2024 Year-End Closing and Payroll Tax Updates
We have shared this information before but wanted to again highlight that this year, Microsoft will not be offering automatic year-end updates. This will impact Payroll, Accounts Payable, and other key functionalities that may require manual adjustments for compliance in 2024 and beyond.
Microsoft has now transitioned to Extended Support for Dynamics SL and is no longer providing:
- Non-security updates or new features: Only essential security patches will remain available.
- Year-End Updates: This year 2024, you must make manual adjustments for Payroll, 1099 reporting, and other annual updates as Microsoft will no longer provide these updates automatically.
- While you can still add new users or modules, support is limited. Reviewing the specific changes outlined below is especially important if you rely on Payroll or Accounts Payable.
Key Payroll and Accounts Payable Changes
Payroll Adjustments
- Social Security Wage Base Increase For 2024, the wage base increased to $168,600 (up from $160,200). You’ll need to update these figures within Dynamics SL manually.
- Electronic Filing of Forms W-2 IRS regulations now require electronic filing for employers issuing ten (10) or more W-2s. While Dynamics SL supports the older FIRE format, the new IRIS format may require manual adjustments for compliance.
1099 Reporting for Accounts Payable
- New Reporting Thresholds For 1099-MISC and 1099-NEC, the threshold has increased from $600 to $1,000, which may require report adjustments in Dynamics SL.
- Direct Sales The reporting threshold for direct sales dropped from $5,000 to $1,000, affecting reporting templates.
Quarterly Tax Rate Updates:
- Microsoft has also discontinued quarterly federal and state tax updates. This means you must manually source and enter tax rate changes.
Compare Microsoft Dynamics 365 Business Central and Acumatica
We understand the push has begun and many users are considering a move from Dynamics SL to Dynamics 365. The life cycle for SL is closing soon. Learn how Acumatica offers more features and capabilities with unlimited users.
Acumatica vs Microsoft Dynamics 365 Business Central | ERP Comparison
ACCUNET FORWARD thinking newsletter to help you in preparation for a change from SL to Acumatica and for our Acumatica clients, growth in education, and for all, valuable networking opportunities with like businesses. If any of our clients want us to focus in on any particular topic that is current for them, please reach out.
ACCUNET IT SERVICES We take our proactive role in your business seriously. When we are managing and monitoring your network we can mitigate and often head off issues before they become expensive disasters. If you have an IT need, check out our IT division at IT Services Home | AccuNet
If you need to get back to any and all of these newsletters in the future, you will be able to find each on our website under ERP and Resources at this link. Newsletters | AccuNet
Best Regards,
Your AccuNet Team.