Wednesday, January 5, 2011

Just in time for Tax Season - Automated Electronic 1099 Filing for Intacct

One of the really cool things about cloud computing is how easy and cost effective it is to leverage open standards and the Internet to integrate applications.

A great example of this is Track 1099, the latest Intacct-Ready partner.

They've used Intacct's standard web services to develop seamless, secure synchronization between Intacct and their system, which provides automated, electronic filing of 1099 forms and notifications to the IRS and to 1099 vendors right out of Intacct. On the other end of things, they are also using cloud computing and web services to securely connect with the IRS.

The service is fast, secure, easy to use and saves a ton of money vs. manually completing, error checking, printing out and mailing forms. Some of the companies using Intacct have tens of thousands of 1099 vendors - I expect Track 1099 to make January a much more pleasant and cost effective experience for them.

If you are an Intacct client and have lots of 1099 vendors, or if you are a CPA firm using Intact in your practice, I'd encourage you to check out Track 1099.