Here are a few helpful tips and reminders from Viewpoint as you prepare to tackle your 2022 year-end processes in Spectrum and Vista:
- Recon your Reconciliations: You should take a good look at your reconciliations and make sure they are up to date. Keeping them current is one of the best things you can do to prepare for Year End!
- Review the Quarterly Federal Tax Report for Large Fractions: If there is more than $5.00 noted on your Adjustment of Social Security & Medicare taxes line (fraction), you may have some rounding issues that could likely have been caused by ARPA (American Rescue Plan) or FFCRA (Families First Coronavirus Response Act) items. Not to worry, though: your Trimble Viewpoint support teams can help you navigate this.
- Get Your 1099 Vendor Information Now: You need their SSN or Tax ID in addition to their name and address. Run the Vendor 1099 Listing for all vendors without Tax ID or SSN. Also, be sure to order your 1099 forms!
- Keep Your ERP system current with the latest updates and processes: If you're a Trimble Construction One customer or in a hosted cloud environment, this won't be an issue. But if not, you'll want to make sure your system is up to date to handle the latest processes.
2022 Year-End in Spectrum
Click here to get your Spectrum 2022 Year-End Checklist.
Important 2022 Year-End Articles for Spectrum:
2022 Year-End in Vista
Important 2022 Year-End Articles for Vista
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