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New Features: Integrated HO/A – 1099’s and Bulk Journal Entries

January 29th, 2025


January 24, 2025 | By: High Touch Technologies

As your trusted technology partner in the rent-to-own (RTO) industry, High Touch Technologies is committed to equipping you with the tools you need to streamline your operations and set you up for success.

We’re thrilled to announce two powerful new capabilities coming to cynergi|suite’s Integrated Home Office/Accounting (HO/A) feature! We believe these updates reflect our ongoing dedication to listening to customer needs and providing leading-edge solutions for the RTO industry.

Let’s dive in and explore how these upcoming enhancements, the abilities to process 1099’s and import bulk journal entries, can help revolutionize your business’s financial processes.


What Is Integrated Home Office/Accounting (HO/A)?

cynergi|suite’s Integrated HO/A feature allows you to harness the power of operational control and financial management within a single, seamless platform.

Designed specifically for the RTO industry, Integrated HO/A simplifies complex financial processes and provides actionable insights that drive smarter decisions. Whether you’re managing accounts payable, reconciling bank statements, or keeping purchase orders organized, Integrated HO/A makes these tasks efficient and effective.

Learn More: Integrated HO/A


New Capability: 1099 Processing

With Integrated HO/A, creating and managing 1099s has never been easier. With this enhancement, you can process 1099 forms directly within Integrated HO/A, eliminating the need for manual paperwork and helping ensure IRS compliance.

Form Support

This feature now supports the generation of 1099-MISC and 1099-NEC forms, making it easier for you to manage different types of vendor payments.

Vendor Management

With Integrated HO/A, you can create and manage vendors in the cynergi|suite system. You can mark vendors as 1099 Required and enter their Federal Tax ID numbers to ensure compliance. Additionally, cynergi|suite tracks all exchanges with vendors to streamline your reporting.

Year-End Functionality

You can simplify your year-end processes with the ability to print 1099s directly from cynergi|suite with Integrated HO/A. You can enter date ranges, generate detailed reports, and print automatically generated 1099s directly on laser forms for added convenience.

Customization

New customization options allow you to generate reports by specific vendors or vendor groups. You can also set payment amount thresholds to help ensure accurate and compliant reporting.


New Capability: Bulk Journal Entries

Say goodbye to one-by-one manual journal entries. Integrated HO/A’s new Bulk Journal Entry feature simplifies your accounting workflows by allowing you to import large data sets, which is ideal for payroll and other recurring activities.

Spreadsheet Import

With this new capability, you can upload Excel and .csv files directly into the system, replacing outdated copy-paste methods. This feature supports up to 5,000 lines per import to accommodate larger data sets. You can also select specific worksheets from multi-sheet files to focus on relevant data.

Error Handling

During the import process, errors are automatically identified and flagged, ensuring data accuracy and reducing manual corrections.

Distribution Management

Bulk Journal Entry offers the ability to clear all distributions in a single step, replacing the need for individual manual removal. This enhancement makes managing journal entries faster and more efficient.


Set Your Store Apart.

We hope you’re excited about these recent enhancements to cynergi|suite and Integrated HO/A as we are!

Ready to experience the difference? Contact us today to learn more about cynergi|suite, Integrated HO/A, and how we can help empower your RTO business with our industry-leading POS platform.

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