It’s that wonderful time of year when everyone is scrambling to gather documents and see how they are going to fair during tax season. When you accept credit or debit cards as a form of payment, these transactions for the year are reported on the Form 1099-K. We’ve taken steps to help simplify the reporting process for you. In addition to the increased tax form management capability, some other functionality changes have been made, per the request of you, our fantastic users!
The latest updates to Payments Hub help make the tax process simple, as well as some extra features to simplify running your business. Check out a brief summary of some of the enhancements:
- A prompt within Payments Hub that will direct you to your 1099-K, if available. You can also access instructions on how to make a correction, if needed, or request a copy of the form.
- If you have multiple accounts, you can now easily consolidate all accounts into one report. An “All Accounts” filter has been added in the Reporting section that lets you display reporting for all accounts, instead of switching individually per account.
- “Open Batch” tab – Under Transactions in the Today timeframe, you’ll be able to quickly see live credit card authorizations before they have settled.
- Updates to recurring payments now allow you to edit the amount when a customer is enrolled in autopay. Just make sure you are the Business Owner, Administrator or Manager with Invoice permissions. Easily go to Invoices > select Invoice > Edit Recurring Amount.
We took some of your feedback to heart and are on a mission to make using Payments Hub the easiest business management portal, period. It is time for your business to grow and Payments Hub can help you manage your growth. With your help, we can make payments easy for business owners, employees, and customers.
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