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• If you are looking for a specific update, but it doesn't appear in this bulletin, try checking the Accounting CS Alerts & notices article. 
• New features and new reports that are released in this version might be protected by security privileges. If your firm has enabled firm security, please evaluate all enhancements and update your security groups as needed.

COVID-19 changes

• We have updated the application to accommodate the new Employee Retention Credit that was made available with the CARES Act. Details
  • In the COVID-19 Acts tab of the Setup > Clients screen, you can now specify the 2020 quarters in which a client is claiming the Employee Retention Credit for all employees. When you mark the checkbox for a quarter, Accounting CS generates a “FIT Employee Retention Tax Adj” liability in the amount of the employee retention credit for payroll checks dated within that quarter. For more information, see COVID-19 - Employee Retention Credit.
  • We have added the ability to manually create “FIT Employee Retention Tax Adj” liabilities in the Actions > Manage Payroll Liabilities screen, for the amount of the Employee Retention Credit. For more information, see COVID-19 - Employee Retention Credit.
• We have added Employee Retention Credit-related variables to the Client > COVID-19 Acts Information section of the variable tree in the Report Designer. Details

  We have added the following variables.

  • Claim First Quarter 2020 Employee Retention Credit
  • Claim Second Quarter 2020 Employee Retention Credit
  • Claim Third Quarter 2020 Employee Retention Credit
  • Claim Fourth Quarter 2020 Employee Retention Credit
• We have added the Employee Retention Credit Summary to the Accounting CS Library.
• We have updated the COVID-19 custom reports in the Accounting CS Library to include Employee Retention Credit information. Details

  We have updated the following reports.

  • Cash Requirements and Deposits – COVID-19
  • Depository Totals – COVID-19
  • EFTPS Payment Worksheet – COVID-19
  • EFTPS Phone Payment Worksheet – COVID-19
  • Preprocessing Summary – COVID-19

Reports

• We have updated the Tax Deposit report to address an issue that, in certain circumstances, caused some tax liabilities to be excluded from the report's federal tax deposit totals.

  Note: If your firm has modified the predefined version of a report, Accounting CS will not overwrite your existing report with an updated version. If this is the case, you will need to make the necessary changes to your customized report manually, or you will need to restore the latest predefined version using the Report Designer. To do the latter, select the report from the Reports list pane in the Report Designer and then choose File > Restore Default.

Import of client data from QuickBooks Online

• We have addressed an issue that, in certain circumstances, caused an error to occur during attempts to import from QuickBooks Online or export to QuickBooks Online. Details
  This issue was related to the Chart of Accounts mapping between QuickBooks Online accounts and Accounting CS accounts.

Accounting CS Payroll, for live payroll processing

• For every release, be sure to check the Updates for payroll tax rates, limits, and minimum wage rates (year to date) article to stay on top of changes that may affect your firm and clients.

Updates for payroll tax forms, tax agents, and new hire files

To search for a specific state, locality, form, or file in one of the sections listed below, follow these steps.

• Payroll tax forms updated

  We have updated the following forms, internet files, and electronic files to the latest versions available from the agencies. Those forms marked with an asterisk (*) were released via an alert between application updates, not as part of the current release.

  Local

  • Colorado
    • City of Glendale – Forms Glendale_A, Glendale_M, and Glendale_Q
• Tax agents updated

  We have updated the following tax agents.

  State

  • South Carolina – We have updated the direct deposit information required to produce an ACH credit file for the South Carolina Department of Revenue tax agent.

  Local

  • Colorado – We have updated the due date on the Annually, Monthly, and Quarterly deposit schedules for the City of Glendale tax agent.
  • Michigan – We have updated the City of East Lansing Income Tax Department tax agent to require the filing of payment forms when no payment is due.

Accounting CS includes two interactive tools that provide valuable payroll tax information.

• The Payroll Form and Filing Information portlet provides information on federal, state, and certain local tax agents in the Home Dashboard or Firm Dashboard.
• The State-specific payroll tax form information article provides information on state payroll tax forms, processing tips, due dates, filing methods, agency information, tax payment details, state ID formats, e-filing notes, new hire reporting requirements, and more.

Related articles

Prior release user bulletins

Support Contact Information page on our website

Finding answers in the Help & How-To Center

Accounting CS Ideas Community

Ordering Forms W-2, 1099, and 1095-C

Payroll Year-End Processing tips