FarmBooks 3.0.2 Release Notes

Enforce FICA Limits

Incorporate into the Payroll Module the maximum limit for the withholding of Social Security tax. This change has been implemented during paycheck entry and all payroll reports updated to utilize the FICA limit defined in the tax table for any year. Paycheck entry shows all YTD amounts prior to the current check being entered or edited.

Form 941 - Employer’s Quarterly Federal Tax Return

Payroll Form 941 (Employer’s Quarterly Federal Tax Return) was redesigned for the 2005 calendar year, and future calendar years. Additional lines have been added and other changes incorporated.

Form 940 - Employer’s Annual Federal Unemployment (FUTA)Tax Return

Payroll Form 940 was redesigned for the 2006 calendar year, and future calendar years. Additional lines have been added and other changes incorporated.

Form 943 - Employer’s Annual Federal Tax Return for Agricultural Employees

Change the 12.4% and 2.9% values on Lines 3 and 5 to the decimal format of .124 and .029.

Form 944 - Employer’s Annual Federal Tax Return

A new IRS form developed in 2006 for depositing of FICA taxes and income taxes withheld on employees. Form 944 is used by employers instead of Form 941 if the employer is notified in writing by the IRS. Tax deposit is done annually instead of monthly, quarterly, etc.

Paycheck "Other" Withholding Values

After a paycheck has been completed but not recorded, pressing the Enter (or Tab) key through the address line will cause the program to automatically reopen the Paycheck Detail Window. If the user had entered a value in the "Other" withholding box, then this value would have moved to the "Retirement" box when the Paycheck Detail Window was reopened. (NOTE: The Paycheck values will be correct because the values for Retirement/Other are combined on one detail line with the ATIG code of "9414".)

This has been accomplished by back figuring the percentages from the employee window when showing the detail window. If the employee has no values defined, the split values will not be maintained. The final solution will be incorporated with additional payroll changes in the next release.

Payroll Analysis - Single Employee Report

On the report setup screen, the user enters the Employee’s Number. When the number is entered, the Employee’s Name should be displayed.

Paycheck Detail Grid Changed

The grid was changed to remove columns that were not relevant to payroll. Hours and Gross Pay columns were added.

Crop Enterprise Analysis Report

Beginning with the Net Sale Grain line, the "$/Unit" values should be derived by dividing "Dollars" by "# Unit Produced." Currently, the dollar values are divided by "Pounds/100".

Inventory Analysis Report by Type of Livestock

Do not print this report for a type of livestock if no inventory, purchase, sale, death, weaning, and birth entries have been entered for that type of livestock. That is, the report is blank.

Non-Farm and Nonfarm Issue

Standardize all reports and screens on use of either "Non-Farm" or "Nonfarm", but not the use of both. It was decided to use Non-Farm and the following changes were made:

• Change ATI = 007: "Nonfarm Utilities" to "Non-Farm Utilities"
• Change ATI = 008: "Nonfarm Auto Expense" to "Non-Farm Auto Expense"
• Change "Nonfarm" in the Balance Sheet & Support Schedules and Detail Inventory Listing Reports to "Non-Farm".

Other than the above, the term "Non-Farm" is used throughout the program.

Balance Sheet Report Dates

Allow the user to enter a specific date to be printed in the heading of the ending Balance Sheet and Supporting Schedules Reports. This "date" is especially important for the ending Balance Sheet. For example, an ending inventory may have been entered on the data of August 15th to obtain a Balance Sheet report as of that date.

Balance Sheet Supporting Schedules Revisions

In the Supporting Schedules, include the "Qty Code Terms" such as Bushels, Acres, Head, with the units. Also, change the term "value" to "Amount".

Report Dates and Page #’s

Move the page #’s as well as the date and time a report was printed to the bottom of the report.

Balance Sheet Supporting Schedules and Detail Inventory Listing Reports

Change the following terms:

• Supporting Schedules: Section 16: Change "Account Payable" to "Accounts Payable".
• Detail Inventory Listing: Change "Account Payable" to "Accounts Payable".

Vendor Recall Last Transaction

Provide a method of recalling the last check or deposit detail for a vendor. This feature is only available during new check / deposit entry.

"+ / -" Sign Quick Key for Check Number

Pressing the plus or minus key within the check number field will increment or decrement the check number by one if the field contains a number.

Vendor Quick-Fill Mixed Upper-Lower Case Issue

If typing in a name that is not set up as a vendor but starts with a few of the first letters of a vendor that is set up in upper and lower case letters, it starts to do the quick-fill of the vendor, but the rest of the name that is then typed is in all capitals. For example, if a vendor is set up as "John Deer"" and the user is entering a check for Johnson County, then it will pick up the "John" part of John Deere but the rest of the name is in all capitals. Thus, the name will be listed on the check as "JohnSON COUNTY".

Retain Check Amount on Payee Change

The check / deposit amount will be retained if the payee is changed. It was always reset to zero in prior versions.

Bank Balance Summary Report of Check Register Reports and the Separate Bank Balance Summary Report

The print screen allows for the entering any range of dates, but the report does not cross fiscal years. Example: The report for transaction dates of 7/01/2006 - 12/31/07 will be identical to the report with transaction dates of 01/01/2007 - 12/31/07. Since you can not cross the fiscal year dates, then the "YTD Balance" does not make sense and is not needed. Example: A Bank Balance Summary report for the dates of 01/01/2006 to 12/31/2006 will show a balance as of 12/31/2007. If the report was processed on 2/9/2007, then the YTD Balance as of 2/9/2007 will print. But, the balance will be identical to the 12/31/2007 balance. That is, the YTD value printed is not the balance for this checking account as of 2/9/2007. Also, the **End of Report** term can be removed.

New and Changed ATIG Codes

View PDF of updated ATIG Codes.

Analyzing an existing farm database will apply the new and changed code descriptions. Any new farm created will have the new and changed codes without doing the data analysis.

Access Violation When Changing Fiscal Year from Register Tab

Changing the fiscal year on the register tab could result in an access violation being reported. The application would continue after closing the message box. This has been fixed.

Reconciliation New Features and Fixes

Counts added for "cleared" and "un-cleared" checks and deposits.

Changing the sort view could result in un-reconciled transactions from other bank accounts to be included with the current bank account.

Fixes to Register Tab Grid

The new grid with additional features was introduced in Version 3.0, sometimes the grid did not show the data or would show additional fiscal years.

When setting up a new farm database and entering checks during the same session, the checks would not be displayed in the grid. It would require you to close the farm and then reopen it.

Entering new checks and then returning to the register tab grid would not always display the new checks.

Having the view set to "Show Detail" as unchecked would result in all fiscal years data to be display on application startup. It would appear to user that it was showing the wrong fiscal year when comparing the data being displayed to the fiscal year in the drop down list.

New Fiscal Year - Loan / Receivable Roll-Over Balance

When creating a new fiscal year the loan / receivable beginning balance for the new fiscal year was not always correct. This was especially true if the same external code was used on all loan payments or receivables.