What’s New in Sage MIP Fund Accounting Version 10.1

Year-end compliance and software updates are synonymous, which means that the version 10.1 Sage MIP Fund Accounting maintenance update is here! This release is focused on two areas: IRS Form 990 changes and ease-of-use enhancements. For additional information regarding version 10.1, please view the recorded What’s New Webcast by clicking here.

Compliance with IRS Regulations — Form 990 Changes
Changes to the Form 990 impact your year end reporting process. The following items will help make your 2008 Form 990 preparation easier:

• Choose to map your Sage MIP Fund Accounting data to the historical 2007 full Form 990 or the “new” 2008 Form 990EZ.
• Generate reports to display either set of Form 990 mapping information.
• Future releases of Sage MIP Fund Accounting will continue to add functionality to help you comply with the latest IRS Form 990 changes and threshold filing requirements that pertain to each form type.

Customer-Requested and Ease-of-Use Enhancements:
Here’s a snapshot of the enhancements included in version 10.1:

• Added a new Tax forms and eFiling by Aatrix^® Filter which will now accommodate batch processing of any federal or state tax form. Included a new Tax Forms and eFiling by Aatrix^® Get Form Updates button which is available for both Payroll and 1099 tax form processing.
• Enhanced the Scheduler module by adding the allocation calculation process and the ability to schedule a calculation process overnight or even in a different month.
• Created a new Warehouse Control report which will greatly improve the monitoring and reordering of any Inventory items.

For more information, contact Blytheco at 800.455.1368, extension 2500, or e-mail us!

---