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date
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description
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2/15/05
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Payroll:
-The new 2005 Federal 942 form has been added
-The Employee Social Security Number may be removed from the payroll check stubs
-You may now exclude Prevailing Wage and Overtime premium wages from the Time Off Accrual, if desired
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Accounts Payable:
-You are warned if you enter a voucher with tax on it on a non-taxable job
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Accounts Receivable:
-Change Order Adds and Deducts are listed separately on the AIA form (instead of just the net change)
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Jobcost:
-OCIP jobs may be identified and will have zero worker’s comp insurance calculated
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12/15/04
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Payroll:
-New format for W-2’s.
-5 Possible alignments for printing W-2’s
-CT UC-61 and UC-62 forms can now be printed.
-2005 Tax Tables
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Accounts Payable:
-5 Possible alignments for printing 1099 forms
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Accounts Receivable:
-AIA documents may now be printed directly on the forms or on plain paper
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Jobcost:
-You can now combine 2 tasks as well as 2 jobs.
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General Ledger:
-Accrued Time Off Reconciliation Report is now printed automatically with the month-end reconciliation reports if you are accruing vacation.
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Equipment:
-You can now Recalculate Equipment Costs on existing transactions if you change the cost per hour of the equipment.
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10/15/04
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Payroll:
-A Market Recovery Report has been added for Union shops.
-A Time Off Accrual Reconciliation Report has been added to reconcile accrued vacation.
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Cash:
-The Checkbook Reconciliation Report now prints automatically when your checkbook balances.
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8/15/04
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Payroll:
-An Expiration Date has been added to the special rates file to handle rate changes in the middle of a job.
-A separate Payroll Utilities Menu has been added.
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Accounts Receivable:
-You can now copy a schedule of values from one job to another.
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Cash:
-There is a new automated process for changing to a new checking account.
-A new Cash Flow Report has been added showing the adds and subtracts from your cash accounts by month.
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General Ledger:
-The Monthly and Yearly Budget Reports can now be printed for one division.
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Purchase Orders:
-Subcontracts have been added allowing you to track original contract and change orders.
-Subcontract Change Orders can be printed if you have WordLink installed.
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6/15/04
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Payroll:
-An electronic file for State Unemployment can now be created for Florida.
-The State PIN number has been added to the company file for use with EFTPS.
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Accounts Payable:
-Aging reports now print faster using a new index.
-Lien Waivers can now be printed automatically when making payments by invoice.
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Accounts Receivable:
-Aging reports now print faster using a new index.
-A new Collections Tracking System has been added allowing you to keep track of each collection call you make and a next call date.
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Jobcost:
-Let to Bill has been added to the WIP report.
-Additional description area has been added to the Change Order screen.
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4/15/04
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Payroll:
-The PAYEE on Federal and State EFTPS payments now shows the date covered by the payment.
-Automatic deductions can be printed checks or transfers.
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Accounts Payable:
-Invoices Paid by Check Lists can now be printed automatically when Making Payments by Invoice.
-An Inactive flag has been added to the vendor file. Only active vendors will be shown when using F6-Browse.
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Accounts Receivable:
-An Inactive flag has been added to the customer file. Only active customers will be shown when using F6-Browse.
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Jobcost:
-A new Change Order system has been added allowing multiple tasks on one change order screen.
-Extended description has been added to Change Orders.
-There is now a detail and summary Change Order List.
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General Ledger:
-Jobcost will be processed and a WIP printed for the fiscal year as part of the Monthly Reconciliation Guide.
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2/15/04
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Accounts Receivable:
-The Tax Information Report can now be printed by State for doing sales and use tax in multiple states.
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General Ledger:
-A WIP Reconciliation Report has been added to help reconcile the WIP to the General Ledger.
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General:
-A New TAX AND PAYMENT SCHEDULE system has been added to allow you to print a one-page yearly schedule for paying taxes and other periodic payments.
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10/15/03
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Payroll:
-Occupational Privilege Report can now be printed for one or all localities.
-The number of employees and total pay has been added to the Worker’s Comp report.
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Accounts Receivable:
-The job location has been added to the G702 AIA document and worksheet.
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Jobcost:
-The Change Order file and list have been expanded with additional informational fields.
-The Change Order List may now be printed in detail or summarized by change order number.
-All columns on the WIP report are now included in the export file.
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General Journal:
-There is a new selection for creating reversing GJ entries automatically.
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6/15/03
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Payroll:
-New tax tables for CT and Federal Withholding effective July 1, 2003.
-Employee history can be viewed or printed for any range of dates.
-You can now print Monthly Utilization Reports for all jobs at once based on a setting in the job file.
-You can now specify effective and expiration dates for union rates.
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Accounts Payable:
-You can now choose to include or exclude flagged items when paying on account.
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Cash:
-You can now print checkbook reports for any period, even for a previous fiscal year. If you are printing for a period that is not currently stored in your General Ledger, you will be prompted for the starting balance.
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Jobcost:
-You can change the status of many jobs to F without having to start over if it finds unposted data.
-The system will now disallow change orders with dates prior to your last posting date or the date specified in the company file if you are using that feature.
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2/15/03
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Payroll:
-New prompts for wages not taxable for FICA have been added when printing W2’s.
-The Employee YTD Report will now show two years of YTD information.
-The Direct Deposit Report now includes the number of transactions.
-NY State Withholding Tables are included on this update.
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Cash:
-For checks over $100,000.00, the written words have been improved.
-Cash Disbursements for a vendor may now be printed to show each voucher or each check.
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General:
-All data in TACT may now be exported and used in Excel. A new Export Menu has been added to the Utilities Menu.
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12/15/02
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Note: This update includes the 2003 tax tables.
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Payroll:
-You can now choose to add a % of labor as an Applied Burden per job in addition to the taxes, insurance and benefits currently being tracked as overhead.
-A 401(k) per hour deduction type has been added.
-The Employee Deduction List has been enhanced to include total hours, gross pay, weekly rate and type of deduction.
-The words ?*VOID-DO NOT CASH**?have been added to the signature line on direct deposit checks with a net check of zero.
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Accounts Payable:
-Last Payment Date is now shown on the Aged Payables Summary by Vendor
-The 1099 report may now be printed in detail or summary so you can see what invoices are included in the 1099 total.
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Accounts receivable:
-Last Payment Date is now shown on the Aged Receivables Summary ?Job within Customer.
-The Due Date Report my now be printed by either Due Date or Customer ID.
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Jobcost:
-The User Names defined in the Company file now appear on the selection screen when printing Jobcost Reports.
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10/15/02
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Payroll:
-The check number has been added to the Federal Certified Payroll form.
-A new “City?Monthly Utilization form has been added that shows the hours worked on a project for residents of that city. It also breaks down the new hires for the month by minority. This new report will help complete the forms required by the city of Hartford and other localities.
-The Prevailing Wage report has been updated to reflect the new company-wide maximums for prevailing wage benefit plans of 25% of total compensation. The “over 25%?flag has been removed on each employee since there is no longer a maximum benefit per employee.
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Accounts Receivable:
-You can now Open the Change Order File while entering invoices.
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Cash:
-You can now print the Invoices Paid by Check Number report for a range of check numbers and it will print only those with over 10 invoice paid.
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WordLink:
-There is now a place for a default document name for transmittals.
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8/15/02
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Accounts Payable:
-TACT will now calculate the proper Use tax for City and State if you are charged the incorrect amount by the vendor.
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Cash:
-The Bulk Clear option has been enhanced to process checks faster and to allow for clearing deposits separately from checks.
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Jobcost:
-A new Jobcost Name List has been added showing expanded Customer, tax, Architect and any other information you chose to put in the Job Info section.
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6/15/02
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Payroll:
-There is a new CT State Certified Payroll form that will be required for all future State work. TACT now stores each benefit separately for printing on the State Certified Payroll form.
-Pension is now stored as a separate benefit in TACT in addition to Vacation, Sick, Holiday, Health, Life, Disability and two other benefits.
-The benefits breakdown is shown on the Jobclass and Union screens.
-There is a new State Tax Daily Liability Quarterly Report for assistance in completing the State Withholding Quarterly.
-Employee loan balances may be updated automatically when entering payables for purchases by employees.
-Social Security Numbers may be included or excluded on the State Certified Payroll Report by job instead of for all jobs.
-TACT can now handle any number of local tax withholdings on a percentage basis by where the job is located.
-There is now a file of Occupational Tax Localities to use with a browse lookup.
-A new report showing the maximum plan contribution per job has been added for help in reporting on Schedule A to Beneco.
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Accounts Payable:
-Vendor Invoice Number has been increased to 15 characters.
-The Pay by Due Date and Select and Verify Methods of payment have been changed to default to NOT paying retainage.
-Retainage may now be entered as a % instead of an amount on subcontractor invoices.
-When using Purchase Orders, the amount and retainage will automatically be filled in when you enter the first invoice against the PO.
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Accounts Receivable:
-Several reports that need calculation can now be printed immediately after viewing without having to recalculate.
-AIA continuation forms may now be subtotaled at any point and sections can have a heading.
-The Scheduled Value when doing units billing may now have 3 decimal places, if needed.
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Equipment:
-You may now specify an hourly, daily, weekly and monthly rental rate for each piece of equipment.
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Purchase Orders:
-A short description may now be put on each PO to describe what the PO is for. This description is shown when browsing the PO file.
-Retainage % may now be put on Subcontractor PO’s and the retainage is then automatically calculated when entering the voucher.
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4/15/02
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Payroll:
-The CT State Certified Payroll report has been updated to match the latest version from the State of CT. The Trade and License information has been added.
-A new Benefits Analysis Report has been added showing the value of the credits taken on Prevailing Wage Jobs. This report can be used to reconcile the benefits given versus the credits taken when an employee is terminated or at the end of a year.
-An index by Check Date has been added to the Payroll Detail File.
-When printing a Payroll Worksheet you are automatically prompted with the next Payroll Date.
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Accounts Payable:
-The Vendor Activity Report now shows the criteria chosen when printing the report (such as a single job number).
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Accounts Receivable:
-An Open Invoice Statement may now be printed immediately from the Customer’s screen.
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Jobcost:
-When updating a job and changing the status, the system will now prompt you as to whether you also want to change the status on the tasks.
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General Ledger:
-The Check Summary for a Vendor report has been added to the Cash Disbursements Report menu allowing you to get a listing of checks paid to any vendor.
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2/15/02
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Payroll:
-The CT State Withholding tables have been updated for status F.
-The Direct Deposit Report and file may now be generated by check date without having to print the Weekly Summary Report.
-There is a new Quick Payroll Report for verifying hours without showing rates.
-The items in box 14 on the W2’s may now be excluded, if desired.
-There is a new Annual Wage Reconciliation Report that is helpful in matching your wage GL’s in your GL to your Payroll reports.
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Accounts Payable:
-A field for CUTOFF DAY has been added to the vendor file to allow for aging by cutoff date instead of invoice date.
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Accounts Receivable:
-Aged reports may be printed for anything entered into the USER1 or USER2 fields in Jobcost (for example, by project manager).
-The total amount of a deposit is now shown on the screen at all times when applying payments by invoice, even before update.
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Jobcost:
-The prior figures for the WIP report may now be updated automatically each year.
-The Jobcost by Date report will now list outstanding PO amounts if you have chosen to INCLUDE outstanding PO amounts in your total direct Jobcost.
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General Ledger:
-The prior figures for the WIP report will now automatically be updated each time you prepare for a new fiscal year.
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Inventory:
-When purging inventory activity, the system now rolls all purged activity into a single entry for each item so that the history is not lost.
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12/15/01
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Payroll:
-The 2002 Withholding tables and the new 2001 W2 format are included.
-The W-3 Laser form may now be printed.
-Advance Year-To-Date now occurs automatically when you do your first payroll in the new year.
-Recalculate labor overhead can now be run for one or all employees and benefits, insurance and taxes can be recalculated separately.
-The option of "Starting a New Payroll Week" has been added which will automatically add 7 (or 14) to your last payroll dates.
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Accounts Payable:
-The 2001 1099 format changes are included.
-1099-Misc may now be printed for Rent by specifying which type of 1099 you want for each vendor.
-The Subcontractor info screen can now be accessed directly from the vendor screen even if you have not specified this vendor as a subcontractor.
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Accounts Receivable:
-You may now specify that you want to show a subtotal after the initial contract and after all change orders on the AIA continuation sheet.
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WordLink:
-File Folders labels have now been added as an option.
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10/15/01
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The Labor Burden Report is now available in detail or summary format. The Weeks Worked for Unemployment Report may now be printed showing either Gross Wages or Adjusted Gross Wages. Employee History now shows all changes to benefits made through either the benefits screen or the Jobclass screen.
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Late fees may be printed on the Aged Receivables Report for collection purposes. A standard list of AIA descriptions for the Schedule of Values may be created and used when setting up AIA on a job. Check number is now saved when using the Select and Verify method of Applying payments so it is there if you add more payments to the deposit.
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Direct deposit checks for zero amount are now automatically cleared in the Checkbook Reconciliation.
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A Free-Form Job Profitability Report has been added.
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The USER 2 field has been added to the job name lists.
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Comparative Income Statements can now be printed for the default 5 periods for a single division.
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PO's may now be purged for individual jobs.
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8/15/01
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TACT now produces the complete NACHA file for direct deposit that can be sent directly to your bank via modem.
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The Monthly Utilization Report can now be printed for any range of dates instead of just for one month.
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You can now specify whether you want to use the home local benefits for each local instead of companywide.
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License number has been added to the Labor List Report.
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TACT now calculates late fees automatically when printing statement no matter how old the invoice is. This eliminates the need to calculate finance charges separately.
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The actual General Ledger entries generated by posting can now be viewed to verify what dates are currently being stored.
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Total % complete and % profit have been added to the WIP Report.
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Changes to PO number, job and task and now allowed on any Purchase Order. There is no longer a need to copy the PO first.
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6/15/01
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Jobcost can now support up to 3 default locals on the same job automatically.
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The number of employee union deductions has been increased to 4 (in addition to the 10 employer fees).
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A handwritten check for the total direct deposit amount in payroll is now generated automatically.
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Rate changes can now be made directly from the Open Another File menu without having to go into the employee file first.
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The checkbook report and display checkbook balance features can now be used with Credit Line accounts in addition to checking and savings accounts.
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When printing jobcost reports, you can choose to include the outstanding PO amounts in the actual costs at report time, even if you have specified in the company file that you want to exclude them.
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4/15/01
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Monthly payroll can now be specified for individual employees.
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New Payroll Labor list for reporting wages to the State of CT.
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New Child Care Pre-Tax Deduction. Amounts are put on W-2 in the Child Care box.
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Severance plan amount now added to Retirement amount on the check stub if you want to show benefits on the pay stub.
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The Vendor Activity Report can now be printed in summary or detail format.
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Vendors may be specified as non-taxable so that the Tax Included question is always answered N in A/P no matter what the tax situation on the job.
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Retainage percents in AIA can now include 2 decimal places.
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You can delete invoices if you delete any activity first.
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The word "interest" has been changed to "late fees" on statements.
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Password protection is now available to keep people from updating jobcost information. It allows them to view only.
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2/15/01
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Monthly payroll can now be specified for individual employees.
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Aged Reports may now be recalculated even when other uses are in the Payables or Receivables Files.
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Aged Payables reports may be printed by Division.
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New Generate feature to repeat General Journal entries for the year.
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New subtotal level on the Jobcost by Date report shows you total for each category across tasks.
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The Jobcost by Date report may be printed for a single category, if desired.
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Phone numbers may now be stored in any of 3 formats (123) 456-7890, 123.245.7890 or 123/456-7890.
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12/15/00
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Faster jobcost processing - can be run with other users in the system
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Faster temporary and permanent posting - can be run with other users working in the system
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All updates for 2001 tax tables.
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10/15/00
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Vacation and other time off can now be accrued into a savings account for the employee automatically. For every dollar earned, you can set aside a percentage for the time off fund. TACT posts those accruals to a liability and expense account in your General Ledger so you always know how much you owe to employees who may leave your employ. The employees also see the value of their time off account each week on their pay stubs.
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You can now use your own name for a cost field in Jobcost. In addition to Labor, Materials, Subcontract, Equipment and Other, you can put your own name on a category.
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You can now name up to 4 fields for special time off such as vacation, sick time, holidays or personal time. Only the names you enter will appear on the payroll check stub.
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You can now choose whether you prefer the word SALES or REVENUES on your Financial Statements.
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8/15/00
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New Rate Calculation Report ?now see all the factors involved in determining the prevailing wage rate on one page.
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Aged Reports may now be printed for each Division.
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New Monthly Reconciliation Guide ?this report guides you step-by-step through reconciling your Trial Balance to you supporting ledgers including Checkbook, Aged Payables and Receivables, Accrued Payroll and Taxes. It also prints all the supporting reports with one selection.
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Monthly Budget Comparison may now be printed for Temporarily Posted Data.
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Comparative Balance Sheet reports have been added for any 12-month period or any 5 ranges of dates.
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Additional Job Overhead may now be calculated based solely on labor in addition to Billed or Cost.
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Automatic Job Numbering may now be started at any sequence. You may even restart your sequence at a lower number.
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You can now choose whether or not you wish to include sales tax paid on materials in your jobcost figures or not.
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Last Buy Quantity is now shown with the popup of the last 3 purchases of an item in Purchase Orders.
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6/15/00
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Quick payroll has been enhanced to use a temporary file, speeding up the entire payroll entry.
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You may now generate only one employee from the Quick Payroll file for a layoff check.
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More protection has been added for data entry by division.
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A new “Posting Error Report?has been added to notify you when temporary posting of any inconsistencies in Divisions or Cost of Sales.
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A 40-character TASK name has been added to the Standard Task file for more description of the task.
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Delivery Date has been added to the Outstanding PO report.
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You can now specify Terms on individual invoices and store multiple terms messages to choose from.
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4/15/00
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You can now specify a default division for each employee for posting 401(k) matching funds.
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An additional ACH file has been added for direct deposit with banks that use the 94 character record format.
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The payroll check stub can be customized to show or not show the wording for vacation and sick accrual an direct deposit.
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Occupational Privilege Taxes are now tracked automatically by locality.
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The new MMREF format for electronically filing W2's has been added.
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A new Payroll Summary report by date has been added.
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Payroll taxes and worker's comp expenses can now be posted automatically by division for office employees as well as field employees.
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401(k) matching expense may now be posted by Division automatically.
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1099's have been enhanced to allow for d/b/a in the Recipient box.
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The option of posting sales tax billed on jobs to sales tax expense and sales in order to match the jobcost billed amounts is now available.
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The last temporary posting date, last permanent posting date and the first date currently being stored in your General Ledger file are all displayed when you choose to permanent post.
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A one-key Purchase Order Update feature has been added when entering Payables.
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2/15/00
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Expanded job classes and data entry in Payroll. Now instead of just 4 jobclasses per employee, you can have up to 15. And you can enter up to 100 entries on one scrolling screen for each day, job and task for each employee.
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More flexible payroll check stub. Now you can choose to show vacation and sick accrual and direct deposit information on the check stub, or not. You can also choose to include prevailing wage benefits in the Retirement column along with 401(k), or not.
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Automatic update of apprentice %. When an apprentice crosses a 1000 hour threshold, you can choose to have the system automatically increase all job classes with the current apprentice percent by 5%.
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Expanded lien waivers. You can now choose to print lien waivers automatically for a check that pays multiple jobs and have a separate lien waiver for each job and task.
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New PO features. The system now shows you the last 3 purchases for each item as you are entering a new PO. You can now specify why a PO is on hold and this information will pop up when you are selecting invoices for payment.
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