Solution-IV® 2020 Payroll Release AvailableSolution-IV® 2020 Payroll Release Available

December 30, 2020

Thoroughbred® is pleased to announce that the annual year end release of Solution-IV Accounting is now available.

All required changes to the 2020 W-2 forms and electronic transmission files (EFW2), plus the 2021 tax tables will be incorporated into the updated Payroll release.

In addition, Thoroughbred will be releasing an updated version of Accounts Payable. The IRS has removed the 1099-MISC box 7 for non-employee compensation and issued a new form, 1099-NEC, to be used to report non-employee compensation instead. The updated version of Accounts Payable will accommodate both forms.

Customers with Accounts Payable and/or Payroll under maintenance should have received their contracts and should be hearing from a consulting services rep to schedule the upgrade; current Solution-IV Source Licensee resellers will receive their upgrade automatically.

Resellers and those customers who do not have Payroll and/or Accounts Payable on maintenance should contact your Thoroughbred Sales or Services Representative at (800) 524-0430 to place orders for this version or to make arrangements for a product upgrade.

If you have any questions regarding this release, please contact a Thoroughbred Client Project Services Rep at (800) 524-0430 x4131 or via e-mail to