December 30, 2021

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

All required changes to the 2021 W-2 forms and electronic transmission files (EFW2), plus the 2022 tax tables will be incorporated into the updated Payroll release.

In addition, Thoroughbred will be releasing an updated version of Accounts Payable. Last year, the IRS 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. For 2021, they have modified the 1099-NEC to print 3 forms per page instead of the previous 2. The updated version of Accounts Payable will have this new styled form.

Customers with Accounts Payable and/or Payroll under maintenance will receive upgrade contracts in December; current Solution-IV Source Licensee resellers will receive their upgrade automatically once it is in production.

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 services@tbred.com.