Tax time is stressful for everyone, but especially for businesses. Tabs3 Software has partnered with Nelco® to provide Tabs3 E-file, a complete solution to filing your forms 1099-MISC, 1099-NEC, and 1096. You don’t need to deal with the forms, envelopes and postage, or configuring your printer at your office; instead, simply upload your data to the Tabs3 E-file portal and they can be electronically filed, printed and mailed, or emailed on your behalf, saving you time and manpower every year.
To transmit Form 1099-Misc and Form 1099-NEC to the Tabs3 E-file portal
Prefer not to use the Tabs3 E-file portal? No problem! Tabs3 Accounts Payable (AP) and Tabs3 Trust Accounting (Trust) allow you to view 1099 information on reports, print Form 1099-MISC or Form 1099-NEC for filing, or create a 1099 Disk File which can be used to electronically file with the IRS. Using both AP and Trust together allows you to create a combined file by merging your Trust data into AP to run one set of 1099 forms or create a single electronic file.
Tabs3 Accounts Payable Software (AP) makes paying bills easier. You can print checks, track vendors, generate forms 1099-MISC and 1099-NEC, run reports and check registers, and more!
AP lets you write checks to saved vendors as well as vendors that are not individually tracked in the software. For monthly payments, set up recurring entries to create multiple invoices in one step. Writing a check by hand? Enter a manual check that will show up in your check register.
Tracking vendors is a snap. In addition to name and address, you can save information for frequently used vendors such as the Federal ID number, forms 1099-MISC and 1099-NEC information, vendor discount information, and more! Month-to-date, year-to-date, and to-date paid figures for each vendor are also tracked for easy reference.
AP integrates with Tabs3 Billing and Tabs3 General Ledger (GL) to bring things together. Costs can integrate with Tabs3 Billing when adding, changing, or deleting an invoice or manual check. When integrating with GL, journal entries are automatically created when checks are posted, and voided checks will create reversing journal entries.
AP also provides many reports that can be run to determine activity in the software, including a Check Register, Pre-Check Register, Cash Requirements Report, Aged Unpaid Invoice Report, Vendor Analysis, and lists for vendors, bank accounts, recurring entries, and voided checks.
Contact your Tabs3 consultant, or contact our Sales Department at (402) 419-2200 for pricing and information.
Note: Tabs3 works exclusively with Nelco to provide you with checks guaranteed to work with Tabs3 Software.
The 1099 filing season is just around the corner. New for tax year 2023, the IRS is requiring that anyone filing an aggregate total of 10 or more forms (including Forms 1099-MISC, 1099-NEC, 1096, etc.) must file electronically. Corrections do not count towards this total; however, all corrections must be filed in the same manner as the originals, with penalties for failure to do so.
To prepare:
To learn more about the Form 1099-MISC and Form 1099-NEC, see E-file Forms 1099 with IRIS | Internal Revenue Service (irs.gov).
The IRS changed the layout of Form 1099-MISC and Form 1099-NEC for tax year 2022. Tabs3 Trust Accounting (Trust) and Accounts Payable (AP) have been updated to print using the new form layouts. To ensure compatibility, order your forms from Nelco®. These forms are guaranteed to be 100% compatible with Tabs3 Software. You can order forms by calling 1-800-266-4669 or visiting NelcoSolutions.com/Tabs3.
Additionally, the Tabs3 E-file feature has been updated to support the state of Alabama’s requirement for the State income amount to be filled in. See KB Article R11922, “Form 1099-MISC and Form 1099-NEC Changes for Tax Year 2022” for additional information.
Update to Version 22.2.15 or later for changes to 1099s.
Note: Due to the form changes, you will not be able to print 1099 forms for tax year 2021 or prior after updating. The 1099 Report can still be used to gather information for prior year.
With tax season just around the corner, Tabs3 E-file is here to help simplify your 1099 submission process! Tabs3 has partnered with Nelco to provide Tabs3 E-file, a complete solution to filing your Form 1099-MISC, Form 1099-NEC, and Form 1096. Learn how to easily upload your data to the Tabs3 E-file portal so that your 1099’s can be electronically filed, printed and mailed, or emailed on your behalf.
Watch this three-minute video here:
Training Videos can be accessed at Tabs3.com/videos. You can also access the videos in the Quick Launch by searching for and selecting “Training Videos.”
The Exclude from 1099 Reporting check box in Invoice/Manual Check Entry provides the ability to do just that. This check box can be selected or cleared at any point, even if the invoice has been posted to Tabs3 General Ledger.
To exclude an invoice from a Vendor’s 1099 form
Note: The Exclude from 1099 Reporting check box will not be available if the vendor is a miscellaneous vendor or does not have a box specified for the 1099 Info field.
Version 2022 has some great new features to check out!
Unified Contacts
Enhanced Lists
New Filters and QuickViews
1099-NEC Forms
Updated Calendar Code File
Exchange Online Integration
Updated Installer
For in-depth information on all of the new Version 2022 features, including screenshots, refer to Knowledge Base Article R11880, “Version 2022 Introduction to New Features.” A list with links to all Version 2022 information can be found in R11885, “Version 2022 Information and Resources.”
To download Version 2022, visit Tabs3.com/update or contact your local consultant.
The Form 1099-NEC has changed for Tax Year 2021. Don’t want to deal with forms this year? Try Tabs3 1099 E-file!
1099-NEC Changes for Tax Year 2021
The IRS changed the requirements for Form 1099-NEC submissions for tax year 2021. The following is a brief overview of these changes:
As a result of these IRS changes, we have made changes to Trust and AP in Version 2021. You must update Trust and AP to Version 2021 (Build 20.6.6) or later before printing Form 1099-NEC for tax year 2021; these changes will not be added to Version 2020 or prior. To update, in the Quick Launch, search for and select Check for Updates. For more information on changes to tax year 2021, see Knowledge Base Article R11893, “IRS 1099-NEC Changes for Tax Year 2021.”
Tabs3 1099 E-file
Tabs3 has partnered with Nelco to provide Tabs3 E-file, a complete solution to filing your Forms 1099-MISC, 1099-NEC, and 1096. You don’t need to deal with the forms, envelopes or postage, or configuring your printer at your office; instead, simply upload your data to the Tabs3 E-file portal and they can be electronically filed, printed and mailed, or emailed on your behalf, saving you time and manpower every year.
To transmit forms to the Tabs3 E-file portal
Tax season is here again and Tabs3 Software is ready to help you quickly file your Forms 1099-MISC and 1099-NEC.
The Working with 1099s video covers how to verify which vendors and payees need to report 1099 information, how to generate 1099s, and provides solutions for filing your 1099s. Since Tabs3 Software has partnered with Nelco to provide Tabs3 E-file, you can easily E-file your Forms 1099-MISC, 1099-NEC, and 1096.
Watch this four-minute video here:
Training Videos can be accessed at Tabs3.com/videos. You can also access the videos in the Quick Launch by searching for and selecting “Training Videos.”
Version 2021 has some great new features we know you’ll want right away!
All Applications
Tabs3 Billing Highlights
Tabs3 Trust Accounting and Accounts Payable Highlights
Updating to Version 2021 is as easy as using Check for Updates (Help | Check for Updates)!
The IRS changed several requirements for 1099-MISC and 1099-NEC submissions for tax year 2020. Stay up-to-date on how these changes affect Tabs3 Software!
Knowledge Base Article R11856, “IRS 1099-MISC and 1099-NEC Changes for Tax Year 2020,” provides a brief overview of upcoming changes to IRS Forms 1099-MISC and 1099-NEC tax filing, as well as recommendations to help your firm prepare.
As a result of these IRS form changes, we will be making future changes to Tabs3 Trust Accounting and Tabs3 Accounts Payable in an upcoming release. Once these changes have been implemented, this Knowledge Base Article will be updated with more information.
We are also offering two webinars to learn more about 1099-MISC and 1099-NEC form changes. You can sign up for the following dates at https://register.gotowebinar.com/rt/8704973605526448655:
Our Knowledge Base can be accessed at support.Tabs3.com. You can also access our Knowledge Base while in the software by selecting Help | Internet Resources | Knowledge Base.
The IRS is changing the layout of Form 1099-MISC for the 2020 tax year. Additionally, Form 1099-NEC is being added to replace Box 7 on Form 1099-MISC.
Tabs3 Software will support these new forms. An update to Tabs3 Trust Accounting and Accounts Payable is already in process to address these changes and will be available before 1099 forms need to be filed.
To prepare:
To simplify the filing process, Tabs3 Software has partnered with Nelco to provide Tabs3 E-file, a complete solution to filing your 1099-MISC, 1099-NEC, and 1096 forms. With Tabs3 E-file you don’t need to request a transmittal code from the IRS. You also won’t need to deal with forms, envelopes, postage, or configuring your printer; instead, simply upload your data to the Tabs3 E-file portal. From there, forms can be electronically filed, printed and mailed, or emailed on your behalf, saving you time and manpower. For additional information on Tabs3 E-file, see KB Article R11788, “All About Tabs3 E-file.”
To learn more about the 1099-MISC and 1099-NEC forms, see https://www.irs.gov/instructions/i1099msc.
Stay tuned for more information!
Thinking about purchasing a license for our Trust Accounting, Accounts Payable, and/or General Ledger software, but not sure what they offer? Take a quick tour!
The Tabs3 Financials Overview video walks you through the highlights of our financial software. Learn more about how you can easily manage trust accounts, get financial statements, write checks, reconcile bank statements, and print 1099’s in one seamlessly integrated software suite!
Watch this four-minute video here:
Training Videos can be accessed at Tabs3.com/videos. You can also access the videos while in the software by selecting Help | Training Videos.
Accounts Payable Software (APS) and Trust Accounting Software (TAS) allow you to view 1099 information on reports, print 1099-MISC forms for filing, or create a 1099 Disk File which can be used to electronically file with the IRS. Using both APS and TAS together allows you to create a combined file by merging your TAS data into APS to run one set of 1099 forms or create a single electronic file.
Continuous 1099 Forms can be ordered directly from the IRS. However, for laser printer forms, we recommend ordering 1099 Forms from Nelco®. These forms are guaranteed 100% compatible with APS and TAS. Likewise, you can order W-2 Wage and Tax Statement laser forms from Nelco. Now is a good time to take inventory of your 1099 forms, Accounts Payable checks, and Trust Accounting checks so you can order them all at the same time! Nelco has over 50 years of experience in the business forms industry. Order today by calling 1-800-266-4669 or go to nelcosolutions.com/Tabs3.
The end of the year can be a busy time for any firm. One of the areas that firms will need to address in the coming months is the filing of IRS 1099-MISC forms. Tabs3 Accounts Payable Software (APS) and Trust Accounting Software (TAS) are designed to help ease the burden of year-end by making it easy to assemble the 1099 reporting information you need. APS and TAS allow you to view 1099 information on reports, print out 1099-MISC forms for filing, or create a 1099 Disk File which can be used to electronically file with the IRS. Using both APS and TAS together allows you to create a combined file by merging your TAS data into APS to run one set of 1099 forms or create a single electronic file.
Continuous 1099 forms can be ordered directly from the IRS. However, for laser printer forms, we recommend ordering 1099 forms from Nelco®. These forms are guaranteed 100% compatible with the APS and TAS software. Likewise, you can order W-2 Wage and Tax Statement laser forms from Nelco. Nelco is a leading expert on W-2 and 1099 reporting compliance rules and regulations. So when you work with Nelco, you won’t have to worry about keeping up to date with all the yearly reporting changes.
Contact Nelco if you have any questions regarding your W-2 and 1099 filing, or to order your forms.
Web: nelcosolutions.com/Tabs3
E-mail: Nelco@NelcoSolutions.com
Phone: (800) 266-4669
For more information about using the 1099 features of APS and TAS, refer to the “1099” Help topics for each program, which include checklists for generating 1099 information.