My work with Shelby Systems started a little over 21 years ago.  For the first 8 years we lived in Midland, TX, and I traveled most of the time, training and working with Shelby customers.  For the next 13 years we lived in Cordova, TN where I worked out of the Shelby System offices. Yesterday, […]

Overview:  Over the past 2 decades I have seen a number of churches encourage their employees to tithe by taking a payroll deduction from their paychecks.  If you are currently using Shelby v.5 financials and have one or more employees tithing by a paycheck deduction, then you might want to read further.  If you are […]

Using Financials Password Security Settings

Overview:  Prior to Release 8.10 Admin users had the ability to choose one of the following password security strength settings: Medium: The password must be between 5 and 30 characters long and must contain at least one digit. Strong: The password must be between 8 and 30 characters long with at least one number and one […]

OVERVIEW:  The audit period should normally be used for the following situations: Entering opening balances when first starting to use the product, unless we convert your existing data into the system. Release from donor restrictions Reclassify a disbursement to a capitalized asset Year-end audit adjustments Rationale: In each of the above situations, transactions are entered that should […]

Starting January 1, 2017 employers with less than 50 employees can offer employees a reimbursement for medical insurance that provides minimum essential coverage (MEC).  There are a number of requirements and regulations that should be considered before deciding to provide this non-taxable benefit. If you did comply with the required notices on or before March […]

Federal Reports Make sure you have blank forms for all IRS needed filings. NELCO has what you need.  Click Here to order forms Deadline for filings now is January 31, 2018 for most reports General Ledger Check all sub ledgers for unposted 2017 transactions Check Journal Entry to make sure all journals have been posted […]

Employer Paid Health Care Value

Employers, including nonprofit organizations, are required, beginning in calendar year 2017, to report the fair market value of provided health care benefits. This information is to be included on IRS Form W-2 in Box 12, using code DD, for every employee receiving health care benefits as part of his or her compensation. ShelbyNext | Financials […]

January 2, 2018 UPDATE Several states have released 2018 withholding updates effective today.  We have updated the Financials Payroll withholding tables including those changes.  We anticipate additional state action and will continue to update the withholding tables as needed.  In addition, the IRS has advised employers to continue using the 2017 withholding tables through January […]