Warning to all.numerous problems with 1099's & 1096's. The 1096 form is set up wrong, so don't print those for awhile. I have reported the problem & engineering is working on fixing. If you have numerous owners for 1 property, the vendor 1099's prints only from 1 of the owners. I have reported this problem & they are looking into why it will not divide the amount paid amongst all the owners. About half of my owners 1099's are printing with amounts different than those showing on the owner reports. Propertyware could not provide me an answer to that problem, so I am just going to have to correctly print those 1099's on my own. VERY frustrated with Propertyware at this point.I wish they would get a good accounting person in to really look over their system!
I have some close connections within PW and was able to escalate this issue quickly. Here is the results:
The ownership percentage is not an issue, but just a misunderstanding of the report. The simplest way to see this is if you uncheck the “Hide Portfolio” box. The list will be sorted by Portfolio so you will easily see all portfolio owners together. In my example, the Donovan Investments portfolio has two 50% owners. The owner portfolio income is $23,911.76, which includes income for all accounts designated as “Rent” less all discounts/adjustments applied to rent accounts.
Hope this helps.
Thank you,
Deb Newell, MPM® RMP® President/CEO 2011 NARPM Governmental Affairs Chair 2011 SPAAR GA Committee Member 952-808-9700 Office|952-808-9702|952-808-9701 Fax 2426 117th St. E. Burnsville MN 55337
MN Lic#BC 20639061/Real-Time Property Services
Property Management Minnesota
Confidentiality Statement: This email, including attachments, may include confidential and/or proprietary information and may be used only by the person or entity to which it is addressed. If the reader of this email is not the intended recipient or his or her agent, the reader is hereby notified that any dissemination, distribution or copying of this email is prohibited. If you have received this email in error, please notify the sender by replying to this message and deleting this email immediately.
Please consider the environment before printing my email
> Warning to all…numerous problems with 1099’s & 1096’s. The 1096 form is set up wrong, so don’t print those for awhile. I have reported the problem & engineering is working on fixing. If you have numerous owners for 1 property, the vendor 1099’s prints only from 1 of the owners. I have reported this problem & they are looking into why it will not divide the amount paid amongst all the owners. About half of my owners 1099’s are printing with amounts different than those showing on the owner reports. Propertyware could not provide me an answer to that problem, so I am just going to have to correctly print those 1099’s on my own. VERY frustrated with Propertyware at this point…I wish they would get a good accounting person in to really look over their system!
> Angela Allen, RMP® > Premier Property Management > 1000 N. 9th Street, Suite 8 > Grand Junction, CO. 81501 > 970-245-1133 > Fax 970-245-1176 > www.premierpropertygj.com
> -- > This message has been scanned by LastSpam eMail security service.
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The problem with 1099's not being printed by each owner is under the vendor 1099. When you print the vendor 1099's it will not print it based off the percentage each owner has it prints the vendor a 1099 from 1 owner. For example Joe Maint did work at portfolio xyz in the amount of $1300.00, xyz portfolio is owned by owner 1 (50%) and owner 2 (50%). The 1099 is printing from owner 1 in the amount of $1300, instead of $650 from owner 1 & $650 from owner 2.
From: propertyware-users@googlegroups.com [mailto:propertyware-users@googlegroups.com] On Behalf Of Deb Newell MPMR RMPR Sent: Tuesday, December 27, 2011 1:32 PM To: propertyware-users@googlegroups.com Subject: Re: Propertyware-Users: 1099's & 1096's YIKES
Angela and users -
I have some close connections within PW and was able to escalate this issue quickly. Here is the results:
The ownership percentage is not an issue, but just a misunderstanding of the report. The simplest way to see this is if you uncheck the "Hide Portfolio" box. The list will be sorted by Portfolio so you will easily see all portfolio owners together. In my example, the Donovan Investments portfolio has two 50% owners. The owner portfolio income is $23,911.76, which includes income for all accounts designated as "Rent" less all discounts/adjustments applied to rent accounts.
Hope this helps.
Thank you,
Deb Newell, MPMR RMPR
President/CEO 2011 NARPM Governmental Affairs Chair 2011 SPAAR GA Committee Member 952-808-9700 Office|952-808-9702|952-808-9701 Fax 2426 117th St. E. Burnsville MN 55337
Confidentiality Statement: This email, including attachments, may include confidential and/or proprietary information and may be used only by the person or entity to which it is addressed. If the reader of this email is not the intended recipient or his or her agent, the reader is hereby notified that any dissemination, distribution or copying of this email is prohibited. If you have received this email in error, please notify the sender by replying to this message and deleting this email immediately.
Please consider the environment before printing my email
On Dec 27, 2011, at 1:01 PM, Angela Allen wrote:
Warning to all.numerous problems with 1099's & 1096's. The 1096 form is set up wrong, so don't print those for awhile. I have reported the problem & engineering is working on fixing. If you have numerous owners for 1 property, the vendor 1099's prints only from 1 of the owners. I have reported this problem & they are looking into why it will not divide the amount paid amongst all the owners. About half of my owners 1099's are printing with amounts different than those showing on the owner reports. Propertyware could not provide me an answer to that problem, so I am just going to have to correctly print those 1099's on my own. VERY frustrated with Propertyware at this point.I wish they would get a good accounting person in to really look over their system!
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Deb Newell, MPM® RMP® President/CEO 2011 NARPM Governmental Affairs Chair 2011 SPAAR GA Committee Member 952-808-9700 Office|952-808-9702|952-808-9701 Fax 2426 117th St. E. Burnsville MN 55337
MN Lic#BC 20639061/Real-Time Property Services
Property Management Minnesota
Confidentiality Statement: This email, including attachments, may include confidential and/or proprietary information and may be used only by the person or entity to which it is addressed. If the reader of this email is not the intended recipient or his or her agent, the reader is hereby notified that any dissemination, distribution or copying of this email is prohibited. If you have received this email in error, please notify the sender by replying to this message and deleting this email immediately.
Please consider the environment before printing my email
> The problem with 1099’s not being printed by each owner is under the vendor 1099. When you print the vendor 1099’s it will not print it based off the percentage each owner has it prints the vendor a 1099 from 1 owner. For example Joe Maint did work at portfolio xyz in the amount of $1300.00, xyz portfolio is owned by owner 1 (50%) and owner 2 (50%). The 1099 is printing from owner 1 in the amount of $1300, instead of $650 from owner 1 & $650 from owner 2.
> Angela Allen, RMP® > Premier Property Management > 1000 N. 9th Street, Suite 8 > Grand Junction, CO. 81501 > 970-245-1133 > Fax 970-245-1176 > www.premierpropertygj.com
> From: propertyware-users@googlegroups.com [mailto:propertyware-users@googlegroups.com] On Behalf Of Deb Newell MPM® RMP® > Sent: Tuesday, December 27, 2011 1:32 PM > To: propertyware-users@googlegroups.com > Subject: Re: Propertyware-Users: 1099's & 1096's YIKES
> Angela and users -
> I have some close connections within PW and was able to escalate this issue quickly. Here is the results:
> The ownership percentage is not an issue, but just a misunderstanding of the report. The simplest way to see this is if you uncheck the “Hide Portfolio” box. The list will be sorted by Portfolio so you will easily see all portfolio owners together. In my example, the Donovan Investments portfolio has two 50% owners. The owner portfolio income is $23,911.76, which includes income for all accounts designated as “Rent” less all discounts/adjustments applied to rent accounts.
> <image001.gif>
> Hope this helps.
> Thank you,
> Deb Newell, MPM® RMP® > President/CEO > 2011 NARPM Governmental Affairs Chair > 2011 SPAAR GA Committee Member > 952-808-9700 Office|952-808-9702|952-808-9701 Fax > 2426 117th St. E. Burnsville MN 55337
> MN Lic#BC 20639061/Real-Time Property Services
> <image003.jpg>
> Property Management Minnesota
> Confidentiality Statement: This email, including attachments, may include confidential and/or proprietary information and may be used only by the person or entity to which it is addressed. If the reader of this email is not the intended recipient or his or her agent, the reader is hereby notified that any dissemination, distribution or copying of this email is prohibited. If you have received this email in error, please notify the sender by replying to this message and deleting this email immediately.
> Please consider the environment before printing my email
> On Dec 27, 2011, at 1:01 PM, Angela Allen wrote:
> Warning to all…numerous problems with 1099’s & 1096’s. The 1096 form is set up wrong, so don’t print those for awhile. I have reported the problem & engineering is working on fixing. If you have numerous owners for 1 property, the vendor 1099’s prints only from 1 of the owners. I have reported this problem & they are looking into why it will not divide the amount paid amongst all the owners. About half of my owners 1099’s are printing with amounts different than those showing on the owner reports. Propertyware could not provide me an answer to that problem, so I am just going to have to correctly print those 1099’s on my own. VERY frustrated with Propertyware at this point…I wish they would get a good accounting person in to really look over their system!
> Angela Allen, RMP® > Premier Property Management > 1000 N. 9th Street, Suite 8 > Grand Junction, CO. 81501 > 970-245-1133 > Fax 970-245-1176 > www.premierpropertygj.com
> -- > This message has been scanned by LastSpam eMail security service.
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*Angela,* * * *Isn't that how it's supposed to work (at least for vendors) the way you describe? If you're giving a vendor a 1099 then it should be for the entire amount correct and the number of owners isn't relevant right? Obviously I'm assuming the vendor is being paid by your management company. The owner would see the expense on his Income Statement so he has what he needs for his taxes. * *
Robert Gilstrap* *Title One Management 678-792-2100 direct line* *770-480-7301 cell* *770-606-1378 fax*
On Tue, Dec 27, 2011 at 3:44 PM, Angela Allen <ang...@premierpropertygj.com>wrote:
> The problem with 1099’s not being printed by each owner is under the > vendor 1099. When you print the vendor 1099’s it will not print it based > off the percentage each owner has it prints the vendor a 1099 from 1 > owner. For example Joe Maint did work at portfolio xyz in the amount of > $1300.00, xyz portfolio is owned by owner 1 (50%) and owner 2 (50%). The > 1099 is printing from owner 1 in the amount of $1300, instead of $650 from > owner 1 & $650 from owner 2.****
> I have some close connections within PW and was able to escalate this > issue quickly. Here is the results:****
> ** **
> The ownership percentage is not an issue, but just a misunderstanding of > the report. The simplest way to see this is if you uncheck the “Hide > Portfolio” box. The list will be sorted by Portfolio so you will easily > see all portfolio owners together. In my example, the Donovan Investments > portfolio has two 50% owners. The owner portfolio income is $23,911.76, > which includes income for all accounts designated as “Rent” less all > discounts/adjustments applied to rent accounts. ****
> ****
> ****
> ** **
> Hope this helps.****
> ** **
> Thank you,****
> ** **
> Deb Newell, *MPM® RMP®*****
> President/CEO > 2011 NARPM Governmental Affairs Chair > 2011 SPAAR GA Committee Member > 952-808-9700 Office|952-808-9702|952-808-9701 Fax > ****2426 117th St. E.** **Burnsville** **MN** **55337********
> Confidentiality Statement: This email, including attachments, may include > confidential and/or proprietary information and may be used only by the > person or entity to which it is addressed. If the reader of this email is > not the intended recipient or his or her agent, the reader is hereby > notified that any dissemination, distribution or copying of this email is > prohibited. If you have received this email in error, please notify the > sender by replying to this message and deleting this email immediately.*** > *
> Please consider the environment before printing my email****
> ** **
> On Dec 27, 2011, at 1:01 PM, Angela Allen wrote:****
> **** > **********
> Warning to all…numerous problems with 1099’s & 1096’s. The 1096 form is > set up wrong, so don’t print those for awhile. I have reported the problem > & engineering is working on fixing. If you have numerous owners for 1 > property, the vendor 1099’s prints only from 1 of the owners. I have > reported this problem & they are looking into why it will not divide the > amount paid amongst all the owners. About half of my owners 1099’s are > printing with amounts different than those showing on the owner reports. > Propertyware could not provide me an answer to that problem, so I am just > going to have to correctly print those 1099’s on my own. VERY frustrated > with Propertyware at this point…I wish they would get a good accounting > person in to really look over their system! ********
> ** ******
> *Angela Allen, RMP*®********
> Premier Property Management********
> ********1000 N. 9th Street, Suite 8****************
> -- > This message has been scanned by *LastSpam* <http://www.lastspam.com/>eMail security service. > ****
> ** **
> -- > You received this message because you are subscribed to the Google > Groups "Propertyware Users" group. > To post to this group, send email to propertyware-users@googlegroups.com > To unsubscribe from this group, send email to > propertyware-users+unsubscribe@googlegroups.com > For more options, visit this group at > http://groups.google.com/group/propertyware-users?hl=en
> **** > **********
> ** **
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If the vendor was paid by the Management Company, you are correct. I pay my vendors on behalf of my owners, so 1099's are printed from the owner to the vendor.
From: propertyware-users@googlegroups.com [mailto:propertyware-users@googlegroups.com] On Behalf Of Robert Gilstrap Sent: Tuesday, December 27, 2011 1:53 PM To: propertyware-users@googlegroups.com Subject: Re: Propertyware-Users: 1099's & 1096's YIKES
Angela,
Isn't that how it's supposed to work (at least for vendors) the way you describe? If you're giving a vendor a 1099 then it should be for the entire amount correct and the number of owners isn't relevant right? Obviously I'm assuming the vendor is being paid by your management company. The owner would see the expense on his Income Statement so he has what he needs for his taxes.
Robert Gilstrap
Title One Management 678-792-2100 direct line
770-480-7301 cell
770-606-1378 fax
On Tue, Dec 27, 2011 at 3:44 PM, Angela Allen <ang...@premierpropertygj.com> wrote:
Deb,
The problem with 1099's not being printed by each owner is under the vendor 1099. When you print the vendor 1099's it will not print it based off the percentage each owner has it prints the vendor a 1099 from 1 owner. For example Joe Maint did work at portfolio xyz in the amount of $1300.00, xyz portfolio is owned by owner 1 (50%) and owner 2 (50%). The 1099 is printing from owner 1 in the amount of $1300, instead of $650 from owner 1 & $650 from owner 2.
From: propertyware-users@googlegroups.com [mailto:propertyware-users@googlegroups.com] On Behalf Of Deb Newell MPMR RMPR Sent: Tuesday, December 27, 2011 1:32 PM To: propertyware-users@googlegroups.com Subject: Re: Propertyware-Users: 1099's & 1096's YIKES
Angela and users -
I have some close connections within PW and was able to escalate this issue quickly. Here is the results:
The ownership percentage is not an issue, but just a misunderstanding of the report. The simplest way to see this is if you uncheck the "Hide Portfolio" box. The list will be sorted by Portfolio so you will easily see all portfolio owners together. In my example, the Donovan Investments portfolio has two 50% owners. The owner portfolio income is $23,911.76, which includes income for all accounts designated as "Rent" less all discounts/adjustments applied to rent accounts.
Hope this helps.
Thank you,
Deb Newell, MPMR RMPR
President/CEO 2011 NARPM Governmental Affairs Chair 2011 SPAAR GA Committee Member 952-808-9700 Office|952-808-9702|952-808-9701 Fax 2426 117th St. E. Burnsville MN 55337
Confidentiality Statement: This email, including attachments, may include confidential and/or proprietary information and may be used only by the person or entity to which it is addressed. If the reader of this email is not the intended recipient or his or her agent, the reader is hereby notified that any dissemination, distribution or copying of this email is prohibited. If you have received this email in error, please notify the sender by replying to this message and deleting this email immediately.
Please consider the environment before printing my email
On Dec 27, 2011, at 1:01 PM, Angela Allen wrote:
Warning to all.numerous problems with 1099's & 1096's. The 1096 form is set up wrong, so don't print those for awhile. I have reported the problem & engineering is working on fixing. If you have numerous owners for 1 property, the vendor 1099's prints only from 1 of the owners. I have reported this problem & they are looking into why it will not divide the amount paid amongst all the owners. About half of my owners 1099's are printing with amounts different than those showing on the owner reports. Propertyware could not provide me an answer to that problem, so I am just going to have to correctly print those 1099's on my own. VERY frustrated with Propertyware at this point.I wish they would get a good accounting person in to really look over their system!
-- You received this message because you are subscribed to the Google Groups "Propertyware Users" group. To post to this group, send email to propertyware-users@googlegroups.com To unsubscribe from this group, send email to propertyware-users+unsubscribe@googlegroups.com For more options, visit this group at http://groups.google.com/group/propertyware-users?hl=en
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So my question us why not just have your owners worry about this. Are you being compensated for running this report on their behalf? Was it the owner that paid the vendor directly? I would keep my company out of that equation then.
Thank you,
Deb Newell, MPM® RMP® President/CEO 2011 NARPM Governmental Affairs Chair 2011 SPAAR GA Committee Member 952-808-9700 Office|952-808-9702|952-808-9701 Fax 2426 117th St. E. Burnsville MN 55337
MN Lic#BC 20639061/Real-Time Property Services
Property Management Minnesota
Confidentiality Statement: This email, including attachments, may include confidential and/or proprietary information and may be used only by the person or entity to which it is addressed. If the reader of this email is not the intended recipient or his or her agent, the reader is hereby notified that any dissemination, distribution or copying of this email is prohibited. If you have received this email in error, please notify the sender by replying to this message and deleting this email immediately.
Please consider the environment before printing my email
> If the vendor was paid by the Management Company, you are correct. I pay my vendors on behalf of my owners, so 1099’s are printed from the owner to the vendor.
> Angela Allen, RMP® > Premier Property Management > 1000 N. 9th Street, Suite 8 > Grand Junction, CO. 81501 > 970-245-1133 > Fax 970-245-1176 > www.premierpropertygj.com
> From: propertyware-users@googlegroups.com [mailto:propertyware-users@googlegroups.com] On Behalf Of Robert Gilstrap > Sent: Tuesday, December 27, 2011 1:53 PM > To: propertyware-users@googlegroups.com > Subject: Re: Propertyware-Users: 1099's & 1096's YIKES
> Angela,
> Isn't that how it's supposed to work (at least for vendors) the way you describe? If you're giving a vendor a 1099 then it should be for the entire amount correct and the number of owners isn't relevant right? Obviously I'm assuming the vendor is being paid by your management company. The owner would see the expense on his Income Statement so he has what he needs for his taxes.
> Robert Gilstrap > Title One Management > 678-792-2100 direct line > 770-480-7301 cell > 770-606-1378 fax
> On Tue, Dec 27, 2011 at 3:44 PM, Angela Allen <ang...@premierpropertygj.com> wrote: > Deb,
> The problem with 1099’s not being printed by each owner is under the vendor 1099. When you print the vendor 1099’s it will not print it based off the percentage each owner has it prints the vendor a 1099 from 1 owner. For example Joe Maint did work at portfolio xyz in the amount of $1300.00, xyz portfolio is owned by owner 1 (50%) and owner 2 (50%). The 1099 is printing from owner 1 in the amount of $1300, instead of $650 from owner 1 & $650 from owner 2.
> Angela Allen, RMP® > Premier Property Management > 1000 N. 9th Street, Suite 8 > Grand Junction, CO. 81501 > 970-245-1133 > Fax 970-245-1176 > www.premierpropertygj.com
> From: propertyware-users@googlegroups.com [mailto:propertyware-users@googlegroups.com] On Behalf Of Deb Newell MPM® RMP® > Sent: Tuesday, December 27, 2011 1:32 PM > To: propertyware-users@googlegroups.com > Subject: Re: Propertyware-Users: 1099's & 1096's YIKES
> Angela and users -
> I have some close connections within PW and was able to escalate this issue quickly. Here is the results:
> The ownership percentage is not an issue, but just a misunderstanding of the report. The simplest way to see this is if you uncheck the “Hide Portfolio” box. The list will be sorted by Portfolio so you will easily see all portfolio owners together. In my example, the Donovan Investments portfolio has two 50% owners. The owner portfolio income is $23,911.76, which includes income for all accounts designated as “Rent” less all discounts/adjustments applied to rent accounts.
> <image001.gif>
> Hope this helps.
> Thank you,
> Deb Newell, MPM® RMP® > President/CEO > 2011 NARPM Governmental Affairs Chair > 2011 SPAAR GA Committee Member > 952-808-9700 Office|952-808-9702|952-808-9701 Fax > 2426 117th St. E. Burnsville MN 55337
> MN Lic#BC 20639061/Real-Time Property Services
> <image002.jpg>
> Property Management Minnesota
> Confidentiality Statement: This email, including attachments, may include confidential and/or proprietary information and may be used only by the person or entity to which it is addressed. If the reader of this email is not the intended recipient or his or her agent, the reader is hereby notified that any dissemination, distribution or copying of this email is prohibited. If you have received this email in error, please notify the sender by replying to this message and deleting this email immediately.
> Please consider the environment before printing my email
> On Dec 27, 2011, at 1:01 PM, Angela Allen wrote:
> Warning to all…numerous problems with 1099’s & 1096’s. The 1096 form is set up wrong, so don’t print those for awhile. I have reported the problem & engineering is working on fixing. If you have numerous owners for 1 property, the vendor 1099’s prints only from 1 of the owners. I have reported this problem & they are looking into why it will not divide the amount paid amongst all the owners. About half of my owners 1099’s are printing with amounts different than those showing on the owner reports. Propertyware could not provide me an answer to that problem, so I am just going to have to correctly print those 1099’s on my own. VERY frustrated with Propertyware at this point…I wish they would get a good accounting person in to really look over their system!
> Angela Allen, RMP® > Premier Property Management > 1000 N. 9th Street, Suite 8 > Grand Junction, CO. 81501 > 970-245-1133 > Fax 970-245-1176 > www.premierpropertygj.com
> -- > This message has been scanned by LastSpam eMail security service.
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> If the vendor was paid by the Management Company, you are correct. I pay > my vendors on behalf of my owners, so 1099’s are printed from the owner to > the vendor. ****
> *Isn't that how it's supposed to work (at least for vendors) the way you > describe? If you're giving a vendor a 1099 then it should be for the > entire amount correct and the number of owners isn't relevant right? > Obviously I'm assuming the vendor is being paid by your management company. > The owner would see the expense on his Income Statement so he has what he > needs for his taxes. > *****
> * *
> *Robert Gilstrap*****
> *Title One Management** > 678-792-2100 direct line*****
> *770-480-7301 cell*****
> *770-606-1378 fax*****
> ****
> On Tue, Dec 27, 2011 at 3:44 PM, Angela Allen < > ang...@premierpropertygj.com> wrote:****
> Deb,****
> ****
> The problem with 1099’s not being printed by each owner is under the > vendor 1099. When you print the vendor 1099’s it will not print it based > off the percentage each owner has it prints the vendor a 1099 from 1 > owner. For example Joe Maint did work at portfolio xyz in the amount of > $1300.00, xyz portfolio is owned by owner 1 (50%) and owner 2 (50%). The > 1099 is printing from owner 1 in the amount of $1300, instead of $650 from > owner 1 & $650 from owner 2.****
> I have some close connections within PW and was able to escalate this > issue quickly. Here is the results:****
> ****
> The ownership percentage is not an issue, but just a misunderstanding of > the report. The simplest way to see this is if you uncheck the “Hide > Portfolio” box. The list will be sorted by Portfolio so you will easily > see all portfolio owners together. In my example, the Donovan Investments > portfolio has two 50% owners. The owner portfolio income is $23,911.76, > which includes income for all accounts designated as “Rent” less all > discounts/adjustments applied to rent accounts. ****
> ****
> ****
> ****
> Hope this helps.****
> ****
> Thank you,****
> ****
> Deb Newell, *MPM® RMP®*****
> President/CEO > 2011 NARPM Governmental Affairs Chair > 2011 SPAAR GA Committee Member > 952-808-9700 Office|952-808-9702|952-808-9701 Fax > ****2426 117th St. E.** **Burnsville** **MN** **55337********
> Confidentiality Statement: This email, including attachments, may include > confidential and/or proprietary information and may be used only by the > person or entity to which it is addressed. If the reader of this email is > not the intended recipient or his or her agent, the reader is hereby > notified that any dissemination, distribution or copying of this email is > prohibited. If you have received this email in error, please notify the > sender by replying to this message and deleting this email immediately.*** > *
> Please consider the environment before printing my email****
> ****
> On Dec 27, 2011, at 1:01 PM, Angela Allen wrote:****
> ** **
> Warning to all…numerous problems with 1099’s & 1096’s. The 1096 form is > set up wrong, so don’t print those for awhile. I have reported the problem > & engineering is working on fixing. If you have numerous owners for 1 > property, the vendor 1099’s prints only from 1 of the owners. I have > reported this problem & they are looking into why it will not divide the > amount paid amongst all the owners. About half of my owners 1099’s are > printing with amounts different than those showing on the owner reports. > Propertyware could not provide me an answer to that problem, so I am just > going to have to correctly print those 1099’s on my own. VERY frustrated > with Propertyware at this point…I wish they would get a good accounting > person in to really look over their system! ****
> -- > This message has been scanned by *LastSpam* <http://www.lastspam.com/>eMail security service. > ****
> ****
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> ****
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The owners did not directly pay the vendor from their personal checking account. The vendors are paid out of owners funds prior to owner funds being disbursed to the owner for the month.
From: propertyware-users@googlegroups.com [mailto:propertyware-users@googlegroups.com] On Behalf Of Deb Newell MPMR RMPR Sent: Tuesday, December 27, 2011 2:04 PM To: propertyware-users@googlegroups.com Subject: Re: Propertyware-Users: 1099's & 1096's YIKES
Angela,
So my question us why not just have your owners worry about this. Are you being compensated for running this report on their behalf? Was it the owner that paid the vendor directly? I would keep my company out of that equation then.
Thank you,
Deb Newell, MPMR RMPR
President/CEO 2011 NARPM Governmental Affairs Chair 2011 SPAAR GA Committee Member 952-808-9700 Office|952-808-9702|952-808-9701 Fax 2426 117th St. E. Burnsville MN 55337
Confidentiality Statement: This email, including attachments, may include confidential and/or proprietary information and may be used only by the person or entity to which it is addressed. If the reader of this email is not the intended recipient or his or her agent, the reader is hereby notified that any dissemination, distribution or copying of this email is prohibited. If you have received this email in error, please notify the sender by replying to this message and deleting this email immediately.
Please consider the environment before printing my email
On Dec 27, 2011, at 2:56 PM, Angela Allen wrote:
If the vendor was paid by the Management Company, you are correct. I pay my vendors on behalf of my owners, so 1099's are printed from the owner to the vendor.
From: propertyware-users@googlegroups.com [mailto:propertyware-users@googlegroups.com] On Behalf Of Robert Gilstrap Sent: Tuesday, December 27, 2011 1:53 PM To: propertyware-users@googlegroups.com Subject: Re: Propertyware-Users: 1099's & 1096's YIKES
Angela,
Isn't that how it's supposed to work (at least for vendors) the way you describe? If you're giving a vendor a 1099 then it should be for the entire amount correct and the number of owners isn't relevant right? Obviously I'm assuming the vendor is being paid by your management company. The owner would see the expense on his Income Statement so he has what he needs for his taxes.
Robert Gilstrap
Title One Management 678-792-2100 direct line
770-480-7301 cell
770-606-1378 fax
On Tue, Dec 27, 2011 at 3:44 PM, Angela Allen <ang...@premierpropertygj.com> wrote:
Deb,
The problem with 1099's not being printed by each owner is under the vendor 1099. When you print the vendor 1099's it will not print it based off the percentage each owner has it prints the vendor a 1099 from 1 owner. For example Joe Maint did work at portfolio xyz in the amount of $1300.00, xyz portfolio is owned by owner 1 (50%) and owner 2 (50%). The 1099 is printing from owner 1 in the amount of $1300, instead of $650 from owner 1 & $650 from owner 2.
From: propertyware-users@googlegroups.com [mailto:propertyware-users@googlegroups.com] On Behalf Of Deb Newell MPMR RMPR Sent: Tuesday, December 27, 2011 1:32 PM To: propertyware-users@googlegroups.com Subject: Re: Propertyware-Users: 1099's & 1096's YIKES
Angela and users -
I have some close connections within PW and was able to escalate this issue quickly. Here is the results:
The ownership percentage is not an issue, but just a misunderstanding of the report. The simplest way to see this is if you uncheck the "Hide Portfolio" box. The list will be sorted by Portfolio so you will easily see all portfolio owners together. In my example, the Donovan Investments portfolio has two 50% owners. The owner portfolio income is $23,911.76, which includes income for all accounts designated as "Rent" less all discounts/adjustments applied to rent accounts.
<image001.gif>
Hope this helps.
Thank you,
Deb Newell, MPMR RMPR
President/CEO 2011 NARPM Governmental Affairs Chair 2011 SPAAR GA Committee Member 952-808-9700 Office|952-808-9702|952-808-9701 Fax 2426 117th St. E. Burnsville MN 55337
Confidentiality Statement: This email, including attachments, may include confidential and/or proprietary information and may be used only by the person or entity to which it is addressed. If the reader of this email is not the intended recipient or his or her agent, the reader is hereby notified that any dissemination, distribution or copying of this email is prohibited. If you have received this email in error, please notify the sender by replying to this message and deleting this email immediately.
Please consider the environment before printing my email
On Dec 27, 2011, at 1:01 PM, Angela Allen wrote:
Warning to all.numerous problems with 1099's & 1096's. The 1096 form is set up wrong, so don't print those for awhile. I have reported the problem & engineering is working on fixing. If you have numerous owners for 1 property, the vendor 1099's prints only from 1 of the owners. I have reported this problem & they are looking into why it will not divide the amount paid amongst all the owners. About half of my owners 1099's are printing with amounts different than those showing on the owner reports. Propertyware could not provide me an answer to that problem, so I am just going to have to correctly print those 1099's on my own. VERY frustrated with Propertyware at this point.I wish they would get a good accounting person in to really look over their system!
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But the check is still from your company? Correct? Then you would still issue the 1099.
Thank you,
Deb Newell, MPM® RMP® President/CEO 2011 NARPM Governmental Affairs Chair 2011 SPAAR GA Committee Member 952-808-9700 Office|952-808-9702|952-808-9701 Fax 2426 117th St. E. Burnsville MN 55337
MN Lic#BC 20639061/Real-Time Property Services
Property Management Minnesota
Confidentiality Statement: This email, including attachments, may include confidential and/or proprietary information and may be used only by the person or entity to which it is addressed. If the reader of this email is not the intended recipient or his or her agent, the reader is hereby notified that any dissemination, distribution or copying of this email is prohibited. If you have received this email in error, please notify the sender by replying to this message and deleting this email immediately.
Please consider the environment before printing my email
> The owners did not directly pay the vendor from their personal checking account. The vendors are paid out of owners funds prior to owner funds being disbursed to the owner for the month.
> Angela Allen, RMP® > Premier Property Management > 1000 N. 9th Street, Suite 8 > Grand Junction, CO. 81501 > 970-245-1133 > Fax 970-245-1176 > www.premierpropertygj.com
> From: propertyware-users@googlegroups.com [mailto:propertyware-users@googlegroups.com] On Behalf Of Deb Newell MPM® RMP® > Sent: Tuesday, December 27, 2011 2:04 PM > To: propertyware-users@googlegroups.com > Subject: Re: Propertyware-Users: 1099's & 1096's YIKES
> Angela,
> So my question us why not just have your owners worry about this. Are you being compensated for running this report on their behalf? Was it the owner that paid the vendor directly? I would keep my company out of that equation then.
> Thank you,
> Deb Newell, MPM® RMP® > President/CEO > 2011 NARPM Governmental Affairs Chair > 2011 SPAAR GA Committee Member > 952-808-9700 Office|952-808-9702|952-808-9701 Fax > 2426 117th St. E. Burnsville MN 55337
> MN Lic#BC 20639061/Real-Time Property Services
> <image001.jpg>
> Property Management Minnesota
> Confidentiality Statement: This email, including attachments, may include confidential and/or proprietary information and may be used only by the person or entity to which it is addressed. If the reader of this email is not the intended recipient or his or her agent, the reader is hereby notified that any dissemination, distribution or copying of this email is prohibited. If you have received this email in error, please notify the sender by replying to this message and deleting this email immediately.
> Please consider the environment before printing my email
> On Dec 27, 2011, at 2:56 PM, Angela Allen wrote:
> If the vendor was paid by the Management Company, you are correct. I pay my vendors on behalf of my owners, so 1099’s are printed from the owner to the vendor.
> Angela Allen, RMP® > Premier Property Management > 1000 N. 9th Street, Suite 8 > Grand Junction, CO. 81501 > 970-245-1133 > Fax 970-245-1176 > www.premierpropertygj.com
> From: propertyware-users@googlegroups.com [mailto:propertyware-users@googlegroups.com] On Behalf Of Robert Gilstrap > Sent: Tuesday, December 27, 2011 1:53 PM > To: propertyware-users@googlegroups.com > Subject: Re: Propertyware-Users: 1099's & 1096's YIKES
> Angela,
> Isn't that how it's supposed to work (at least for vendors) the way you describe? If you're giving a vendor a 1099 then it should be for the entire amount correct and the number of owners isn't relevant right? Obviously I'm assuming the vendor is being paid by your management company. The owner would see the expense on his Income Statement so he has what he needs for his taxes.
> Robert Gilstrap > Title One Management > 678-792-2100 direct line > 770-480-7301 cell > 770-606-1378 fax
> On Tue, Dec 27, 2011 at 3:44 PM, Angela Allen <ang...@premierpropertygj.com> wrote: > Deb,
> The problem with 1099’s not being printed by each owner is under the vendor 1099. When you print the vendor 1099’s it will not print it based off the percentage each owner has it prints the vendor a 1099 from 1 owner. For example Joe Maint did work at portfolio xyz in the amount of $1300.00, xyz portfolio is owned by owner 1 (50%) and owner 2 (50%). The 1099 is printing from owner 1 in the amount of $1300, instead of $650 from owner 1 & $650 from owner 2.
> Angela Allen, RMP® > Premier Property Management > 1000 N. 9th Street, Suite 8 > Grand Junction, CO. 81501 > 970-245-1133 > Fax 970-245-1176 > www.premierpropertygj.com
> From: propertyware-users@googlegroups.com [mailto:propertyware-users@googlegroups.com] On Behalf Of Deb Newell MPM® RMP® > Sent: Tuesday, December 27, 2011 1:32 PM > To: propertyware-users@googlegroups.com > Subject: Re: Propertyware-Users: 1099's & 1096's YIKES
> Angela and users -
> I have some close connections within PW and was able to escalate this issue quickly. Here is the results:
> The ownership percentage is not an issue, but just a misunderstanding of the report. The simplest way to see this is if you uncheck the “Hide Portfolio” box. The list will be sorted by Portfolio so you will easily see all portfolio owners together. In my example, the Donovan Investments portfolio has two 50% owners. The owner portfolio income is $23,911.76, which includes income for all accounts designated as “Rent” less all discounts/adjustments applied to rent accounts.
> <image001.gif>
> Hope this helps.
> Thank you,
> Deb Newell, MPM® RMP® > President/CEO > 2011 NARPM Governmental Affairs Chair > 2011 SPAAR GA Committee Member > 952-808-9700 Office|952-808-9702|952-808-9701 Fax > 2426 117th St. E. Burnsville MN 55337
> MN Lic#BC 20639061/Real-Time Property Services
> <image002.jpg>
> Property Management Minnesota
> Confidentiality Statement: This email, including attachments, may include confidential and/or proprietary information and may be used only by the person or entity to which it is addressed. If the reader of this email is not the intended recipient or his or her agent, the reader is hereby notified that any dissemination, distribution or copying of this email is prohibited. If you have received this email in error, please notify the sender by replying to this message and deleting this email immediately.
> Please consider the environment before printing my email
> On Dec 27, 2011, at 1:01 PM, Angela Allen wrote:
> Warning to all…numerous problems with 1099’s & 1096’s. The 1096 form is set up wrong, so don’t print those for awhile. I have reported the problem & engineering is working on fixing. If you have numerous owners for 1 property, the vendor 1099’s prints only from 1 of the owners. I have reported this problem & they are looking into why it will not divide the amount paid amongst all the owners. About half of my owners 1099’s are printing with amounts different than those showing on the owner reports. Propertyware could not provide me an answer to that problem, so I am just going to have to correctly print those 1099’s on my own. VERY frustrated with Propertyware at this point…I wish they would get a good accounting person in to really look over their system!
> Angela Allen, RMP® > Premier Property Management > 1000 N. 9th Street, Suite 8 > Grand Junction, CO. 81501 > 970-245-1133 > Fax 970-245-1176 > www.premierpropertygj.com
> -- > This message has been scanned by LastSpam eMail security service.
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