October 9, 2020

View enhancements and corrections released on October 9, 2020.

Contribution Statements

Copy and create new contribution statements. If you want to keep the settings you set for a previous statement run, copy those settings and create a new contribution statement with them.

A picture is worth a thousand words. Add multiple images to a cover letter to show your contributors how far their gifts have gone to serve your ministry. Add a logo to express your ministry's brand.

Edit the title that displays on your statements. Give contribution statements a new title to help your contributors understand what they're receiving. For those of you who had issues with bulk mailing due to the word "statement", this is for you, too.

Also, edit the footer. We've included footer text that meets IRS requirements. We recommend you use this text in some way as you add more information about what displays on each statement. If you ever decide to revert back to our default text, delete your footer, and our wording will display.

Customize the email your contributors receive. Type an email in your own words, whether it's an extended expression of gratitude or a short message to let contributors know how to download their statements.

Payroll - Employee Taxes

Defer Social Security tax. When you review an employee's taxes, you have the option to defer their Social Security tax. With this selection, you must confirm the following requirements and expectations set by the IRS:
  • Employers are not required to permit a deferral, even upon an employee's request, without reason.
  • Only wages of less than $4,000 per biweekly pay period, or the equivalent threshold amount with respect to other pay periods, qualify for deferral.
  • The deferral period is September 1–December 31, 2020.
  • Employers must set up a plan for employees to repay the deferred amount ratably between January 1 and April 30, 2021.
  • Employers are responsible for collecting this repayment.
  • Employers must pay interest and penalties on amounts not collected by May 1, 2021.
Consult with legal and tax professionals before opting to defer taxes, and reference the official IRS website for more information.
CAUTION: Refer to the "Coming Soon" section on this page for important information regarding how Social Security tax deferral will affect Form 941.

Realm Accounting - Predefined Reports

Filter projects on various reports. Select specific projects with transactions you want to print on the following predefined reports: Statement of Activities, Summary of Restricted Net Assets, General Ledger Summary, and General Ledger Detail.

Group by project. While preparing any of the reports mentioned previously, click Segment to Group by and select Project to organize the results of the report by the projects you want to show.

Registration Events

Customize the confirmation emails registrants receive. You can now customize the text of a registration event’s confirmation email to better fit the event you’re creating. When adding or editing an event, click the Customize Confirmation Email button to compose your own email title, heading, body and signature content.

Print or export an event discount report. On the Event page there's a new report called Event Discount Code Report. When you print or export this report, you'll see the Discount Type that was used to register. There is also a column that tells you the Discount Amount and overall Balance the individual paid after registering for the event.

Pathways

See when individuals were added into a pathway. You can see the date an individual was added to a pathway in the Status column on the Steps and People tabs. With this date, you can track more information about an individual's progress.

Copy a pathway. To do this, you must have the Manage Pathways and View Pathways permissions. When you copy a pathway, the pathway title, step titles, pathway duration, and individual step duration are duplicated. However, step leaders and participants from the pathway you copied are not duplicated and will need to be manually added to the new pathway. You'll also see the word "Copy" in the duplicated pathway title so you can distinguish the original from the copy.

Coming Soon

Form 941 is changing. The IRS has released an update to Form 941 as of October 1, 2020 to accommodate Social Security tax deferral. ERROR - unresolved reference (productAccounting) will include these changes in the October 21, 2020 release. To prepare you, here is a list of what will change:

  • Line 13b will include the total of both the employer's and employee's Social Security tax deferral amount.
  • Line 24 will include only the employee's Social Security tax deferral.
  • Line 25 will be removed.
  • Nonrefundable credit will be subtracted from the total tax liability amount.