Microsoft Dynamics SL – Year End Update for 2018

Microsoft has released the 2018 Year End Updates for Microsoft Dynamics SL.  The update includes changes for 1099 and W-2 reporting in order to comply with the 2018 tax year regulations.  The update may be downloaded from Microsoft Customer Source.

Microsoft Dynamics SL Supported Versions

These updates support the Microsoft Dynamics SL versions in the listing that follows. Refer to the folder in the downloaded file that represents the version you currently have installed to locate compatible updates. 

  • 2015
  • 2015 Cumulative Update 1
  • 2015 Cumulative Update 2
  • 2018
  • Note: 2018 CU1 includes this update and no further installation is required

1099 and W-2 Changes

Accounts Payable 1099s

Support for the new requirement to split out reporting Non-Employee Compensation reported in Box 7 from all other boxes. The 1099 Preview (03.730.00) report, the 1099 Forms (03.740.00) report and the Generate 1099 Electronic File (03.742.00) screen now contain options to print(generate) for all boxes, only Box 7 or all boxes except for Box 7.

Filing 1099 Forms: You can file 1099 forms electronically or on paper.

Prior year end updates are included for the following versions:

  • Dynamics SL 2015 – Year End Updates 2014, Year End Updates 2015 and Year End Updates 2018
  • Dynamics SL 2015 CU1 – Year End Updates 2015 and Year End Updates 2018
  • Dynamics SL 2015 CU2 –Year End Updates 2018 only
  • Dynamics SL 2018 – Year End Updates 2018 only

Payroll W-2s

No changes to the layout of the W-2 form or to the layout of the W-3 form were required for tax year 2018. Box 9 is now labeled Verification code on the plain paper forms.

Filing W-2 Forms: You can file W-2 forms electronically or on paper.

W-2 Electronic File Changes

RO Employee Optional record changes:

  • Support the new box code 12 GG in positions 122-132 New box code 12 GG is used to report the Income from qualified equity grants under section 83(i)
  • Support the new box code 12 HH in positions 133-143
  • New box code 12 HH is used to report the Aggregate deferrals under section 83(i) elections

RU Total Optional record changes:

  • Support the new box code 12 GG in positions 160-174
  • New box code 12 GG is used to report the total amount of Income from qualified equity grants under section 83(i)
  • Support the new box code 12 HH in positions 175-189
  • New box code 12 HH is used to report the total amount of Aggregate deferrals under section 83(i) elections

Prior year end updates are included for the following versions:

  • Dynamics SL 2015 – Year End Updates 2014, Year End Updates 2015, Year End Updates 2017 and Year End Updates 2018
  • Dynamics SL 2015 CU1 – Year End Updates 2015, Year End Updates 2017 and Year End Updates 2018
  • Dynamics SL 2015 CU2 – Year End Updates 2017 and Year End Updates 2018
  • Dynamics SL 2018 – Year End Updates 2018 only

 

Free Year End Closing Guide

What’s Included in our Year End Closing Resource Guide:

  • Year End Closing Checklists
    • General Ledger
    • Accounts Payable
    • Accounts Receivable
    • Payroll
    • 1099
  • 1099 Processing
  • How to Recalculate 1099 Balances
  • How to Close the 1099 Year