WELCOME TO GMS ACCOUNTING ONLINE HELP
The help you need at your fingertips.
You are here: List of Changes > December 2020
List of Changes
GMS Accounting Revision – version 2.4.80.161
December 29, 2020
GMS Accounting Revision – version 2.4.80.161
December 29, 2020
Payroll
Note: This revision DOES NOT include the changes for 2021 Federal Forms 1094/1095. Those changes will be released in a subsequent revision. You may enter/edit information before the next revision is released, but please do not print your forms.
Federal Income Tax Rates have been updated for 2021
FICA Wage Limit has been increased to $142,800 for 2021
State tax changes included: AR, ID, MO, SC, KY, NC, NY, CA, ME, NJ, IA plus Ohio School Districts.
Note: This revision DOES NOT include the changes for 2021 Federal Forms 1094/1095. Those changes will be released in a subsequent revision. You may enter/edit information before the next revision is released, but please do not print your forms.
Federal Income Tax Rates have been updated for 2021
FICA Wage Limit has been increased to $142,800 for 2021
State tax changes included: AR, ID, MO, SC, KY, NC, NY, CA, ME, NJ, IA plus Ohio School Districts.
General Ledger Supplement
Supplement # 354 – Salary, Leave, Fringe Detail
Added a new option for Fringe detail by employee and/or element
Supplement # 354 – Salary, Leave, Fringe Detail
Added a new option for Fringe detail by employee and/or element
Accounts Receivable Supplement
Invoice Entry – expanded the description field to 255 characters
Invoice Entry – expanded the description field to 255 characters
