NEWS YOU CAN USE

 

 

 

 

In This Issue

Winter Edition n Volume 6, Issue 1

 

Quick Tips

Printing with Microsoft

 

New On Your Screen

Restricting ACH Payments Using Resident Portal  

 

Feature Focus

1099 Processing

 

 

Happy New Year from Point2Property Manager. We’re looking forward to another great year of designing the features and tools you need to manage your business – so you can stay focused on growing your business.

If Point2 has helped you grow your business in 2011, we’d like to feature you in a client profile in an upcoming issue of the newsletter. Just send us a note to newsletter@point2propertymanager.com. We’d also like to hear your story ideas because we believe in listening to you.

 

Quick Tips

Printing with Microsoft 

Using Windows 7, Windows Vista and Internet Explorer 8 or Above

 

Typically, the first time you click the Printer Icon on a reports page (or click any Print button), you’re prompted to download and install our activeX printer program.

However, with Internet Explorer 8 running on Windows 7 or Windows Vista, the prompt may not display. In fact, in some cases, Internet Explorer even stops responding. If this happens to you, you’ll need to change your Internet Options.

Go to the Internet Explorer Tools menu and click the Security Tab (shown right). Toward the bottom of the screen is an option entitled “enable protected mode”. Simply uncheck this option, save and restart Internet Explorer.

Once the printer program has been downloaded and installed (just follow the prompts), you can re-enable the protected mode. This quick fix should take care of the issue once and for all.

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New On Your Screen

Restricting ACH Payments Using Resident Portal

 

If your residents pay rent electronically via your Resident Portal, you may be interested in a new feature that was recently added.  You can now restrict a resident from making an online payment drawn on their bank account. This is helpful feature in those cases when you need to resolve returned ACH payments.

If you would like to enable this feature, click the resident’s name on the Resident List page and then click their name again in the Occupants List.  On the Resident Information page, check the No Online Payments option (shown in circle below).  Once this has been saved, the resident will be restricted from making a one-time ACH payment and from setting up scheduled payments.

 

 

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Feature Focus

1099 Processing

 

Need to process and print 1099-MISC forms for all your vendors and owners? Use the 1099 Processing option located in the Accounts Payable section on the Reports page. Make sure you’re using the standard 1099-MISC forms that contain two forms per page – and the rest is simple.

To get started, review the 1099 designations for your categories by clicking the Categories link at the top of the 1099 page. Be sure to set the correct 1099 box number for all categories to report. We have predefined many of the standard categories for you. 

Next, mark all vendors and owners that require a 1099 as “1099 Eligible” by checking the checkbox on the vendor or owner page. You can access these pages via the Setup menu or by clicking on the vendor or owner name on the 1099 page as shown below.

 

Lastly, review the Tax ID numbers stored or missing. You’ll want to ensure that all 1099 eligible vendors and owners have a tax identification number specified. Also, you will be designating 1099 payers by Tax ID number so make sure the Tax ID is stored on the Company Setup page (accessed via the Setup menu). In addition, any property that is its own tax entity should have its Tax ID number stored in the Property Setup page (also on the Setup menu) or on the Legal Entity page if the legal entity holds multiple properties. The 1099 page will generate 1099s from each entity (management company and/or legal entities and/or properties) that contains a Tax ID number.


 If you are a fee manager, confirm that none of the properties owned by others contain a Tax ID number. If you have legal entities defined for reporting purposes only, check the Consolidate All Legal Entities option to combine all payments under your management company’s Tax ID.

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