Property Management, Tenant Selection, Real Estate News & Tips

New Report & Features: 1099 Assistant

By on December 18, 2010 in Product Updates with 0 Comments

1099 assistantWe’ve added a new report to the system to assist landlords and property managers easily compile all necessary information to provide 1099’s to the IRS, vendors, and owners.  Under the Reports tab is the new report labeled 1099 Assistant.  Click the image to the right for a full size example of the report.

To use this new report simply enter your expenses and distributions as normal into the system.  Any time after January 1st, visit Reports, choose ‘Last Year’ for a date range, and choose the 1099 Assistant report.  All your expenses will be summarized with the necessary information to fill out your 1099s quickly available at your fingertips.

A couple tips to make this report the most useful.  Be sure to visit Settings, Setup Vendors and have all your vendors defined in the system with complete address and tax id information.  Same for any owners you provide distributions to.  If the system is unable to match a qualified expense to a vendor or owner it will provide an option to link that payee to an owner or vendor for your convenience.

Along with this we have also improved the auto-suggest feature when posting or editing expenses.  While the feature was always very reliable in Firefox, Chrome, and other browsers with excellent Javascript support, we’ve update it to work better for IE now as well.  IE users will notice the auto-suggest list, and auto-populate of address fields work much smoother now.

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About the Author

About the Author: Nathan is one of the founders of Rentec Direct and has been with the company since 2008. He has a passion for application security and spends an incredible amount of time ensuring your data is protected. When Nathan is not day-dreaming about 1's and 0's, you may also find him "tuning" the development schedule to get that next big feature in your hands sooner! .


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