Summer 2012 Newsletter

HWA International Inc.
Summer 2012 Newsletter
Trust Accounting Software Since 1977
Making Ticklers Work for You
Ticklers in TNET
TNET has an extensive tickler feature that includes some things that might surprise you. Here is a review
of the Tickler Report Groups with a few examples that may be helpful to you in your daily and monthly
operations.
• Asset-related Receipts can be used to list or generate transactions relating to mortgages,
properties and assets such as stocks and bonds.
• Account-related Events can be used to generate reports about accounts that have been opened or
closed in a date range.
• Holdings-related Events can be used to generate a list of upcoming maturities.
• Scheduled Reports are the very helpful ones. Please see the separate list below for details.
• Recurring Receipts Expected can be used to create incoming cash transactions for predictable
recurring receipts such as social security or pension income.
• Other Recurring Events can be used as a reminder for anything from an annual meeting to
birthdays for clients or beneficiaries.
• One-time Events can be used to remind you to prepare for an upcoming meeting, with a separate
tickler to remind you about the meeting itself.
Under the Scheduled Reports section, you can schedule the following reports to be run for a specific
frequency, such as quarterly, monthly, annually, etc. As you are entering the tickler event, the screen
changes to match the fields needed for that report. For example, the Customer Reports Tickler screen
asks which related party you want the report to go to, which sections that party should see and how
many copies you want to print to paper or PDF.
• Trust Fees Calculation
• Invest Reviews
• Trust Holdings Ledger
• Customer Reports
• Account Summary
• Chronological Report
• Tax Worksheet
• Performance Report
To learn more about Ticklers, you will find quite a bit of information in the HWA online manual in the
following programs:
• Tickler File Maintenance (#6.04)
• Tickler Report (#2.01)
• Tickler Researcher (#2.02)
To find information in your system about who has what ticklers and how they are set up, you can use
Quick Query: Tickler Option (#14.09), or contact your HWA support representative and ask about our
Query Service.
— By Kathy Shanahan
2
Mark Gregory
Mark has been with HWA since October 2008. He wears many hats
while working from his home on the family farm in Laconia, Indiana.
He is a cross-over TNET/TRUSTprocessor support representative,
and one of our best IT guys. He has accepted responsibility for being
the primary person for installation and support of the TNETonline and
TPonline software products.
Mark was born in Louisville, Kentucky and moved to Indiana in 1969.
Except for his college years, he has lived there all of his life. His
parents, Norman and May Gregory bought their 343 acre farm in
1957 and raised their son there from 1969 on. They had been married
for 62 years when Norman passed away earlier this year at the age of 82.
When asked how his parents influenced his life, he said “They taught me a very strong work ethic,
and a go-for-it attitude. When you come to a problem, resolve it, go under it or around it or over it,
or find a different path, but don’t let it stop you.”
Mark graduated from his high school class of 55 students in 1977 and went to Indiana University
where he earned a B.A. in Chemistry in 1983 and an A.S. in Computer Science in 1984. He went
on to the University of Louisville and earned his M.S. in Computer Science in 1991. He is also a
Microsoft Certified Professional.
Mark married Patty 26 years ago this month. Patty also works mainly from home, and when she
does travel for her job Mark usually goes with her. He often works from hotel rooms or any place
he can find a WiFi connection and an electrical outlet.
Mark and Patty have a few pets out on the farm. On the feline side of the family are Mickey, Callie,
Lacey and Lexie, and on the canine side are Ernie, Girlfriend, Chloe, Little Star, Buddy, Black and
Decker. When Mark is not working, traveling or attending a committee meeting, he loves inventing
and creating. Two of his current projects are building a 70-foot tower to enhance his Internet
connection – and designing a new style of windmill to create electricity.
In addition to the work he does for HWA, he is the President of the Elizabeth Lions Club, Vice
Chairman of the Relay For Life, a member of the Sons of the American Legion and the Heart
Humane Society, and serves on the Logistics Committee for Strides Against Breast Cancer.
Mark is meticulous, focused and thorough, and will leave no stone unturned when looking for
a solution for your issue, whatever it may be. No one wants to have problems with programs,
systems or networks, but if you do, it’s good to have Mark on your side!
— By Kathy Shanahan
3
Baseball
TRIVIA
1839 Abner Doubleday was widely credited with inventing baseball in Cooperstown, NY, but the
game originated in England. The English game of Rounders was adapted and renamed
‘townball’, ‘base’ and finally ‘baseball’, by American players.
1845 Alexander Cartwright published a set of baseball rules for the Knickerbocker Baseball Club
of New York, and his rules were widely adopted.
1866 The first women’s baseball team was started by a group from Vassar College.
1867 Candy Cummings threw the first curveball in baseball.
1869 The Cincinnati Red Stockings became the first openly salaried team and were thus
considered the first professional team.
1871 The first professional baseball league, the National Association of Professional
Base Ball Players, was established.
1876 The first major league, the National League, was formed.
1877 Four players were banned for accepting bribes.
1878 Frederick Winthrop Thayer of Massachusetts (captain of the Harvard University Baseball
Club) received a patent for a baseball catcher’s mask on February 12.
1884 Moses Fleetwood Walker became the first African-American player in the Majors.
1900 The American League was created.
1903 The Boston Pilgrims and the Pittsburgh Pirates played the first World Series.
1906 The Chicago Cubs won 116 games and lose 36.
1907 Alta Weiss was the first woman to play professional baseball.
1912 The first players strike in Major League Baseball occured.
1913 The Federal League was created.
1918 The Star Spangled Banner was sung at a baseball game for the first time.
1919 In the most famous scandal in baseball history eight players from the Chicago White Sox
were accused of throwing the World Series against the Cincinnati Reds.
1929 Babe Ruth hit his 500th career home run.
1935 The first night game was played by a Major League team, and Babe Ruth ended his career.
by hitting three home runs in one game.
1945 Jackie Robinson made his Major League debut.
1947 The first television coverage for the World Series.
1956 Don Larsen pitched a perfect game in the World Series.
1957 The New York Giants and the Brooklyn Dodgers announced their moves to California.
1961 Roger Maris broke Babe Ruth’s single season home run record.
1973 The designated hitter rule was established.
1974 Hank Aaron broke Babe Ruth’s career home run record.
1994 The year without a World Series, the longest and costliest strike in baseball history began on
August 12 and lasted until the following spring.
1998 Mark McGuire and Sammy Sosa beat Roger Maris’ single-season home run record.
2002 The minimum age for a batboy or batgirl was raised to 14 after a near collision at the plate
involving a base runner and a manager’s 3-year-old ‘batboy’ son.
— Compiled by Kathy Shanahan
4
AutoPost
Tracking suspense accounts:
Many offices have an account in TNET that reflects the trust fees
they have earned, and other accounts that reflect withholding
amounts that are payable to the federal or state government.
When you enter a fee or tax withholding transaction, the AutoPost
Transaction feature can automatically generate an offsetting
transaction to a specific TNET account, such as a suspense
account. This feature was designed for tracking fees or taxes
withheld from client accounts, but you might think of other ways to
use it in your office.
Implementing AutoPost:
• Set up an Account Type for suspense accounts that will be
excluded from the RC-T Report.
• Set up your suspense accounts in TNET. If your office uses
account numbers beginning with the account type, and, if you
used 999 for the new suspense account type, you could set
up these accounts:
9990001 for Federal Tax Withheld
9990002 for State Tax Withheld
9990003 for Trust Fees
• Plan which transaction codes should create AutoPost
transactions.
• Use Transaction Code Maintenance to enter the AutoPost
Account and AutoPost Transaction Code for each.
The AutoPost Transaction Code field is available only for
transaction codes that end in xxx1 or xxx4. In order to generate
the offset transaction, both fields must contain a valid entry.
Once your accounts and transaction codes have been set up,
you can enter your trust fees and tax withholding transactions in
the normal manner. You will see the AutoPost transactions in the
history file after you post those transactions.
Please call your TNET support representative for more information
about this process.
— By Mark Gregory
5
Baseball & Hot Dogs
“A hot dog at the ballpark is better than steak at the Ritz.”
— Humphrey Bogart
Americans began playing baseball on informal teams using
local rules in the early 1800s. By the 1860s, the sport,
unrivaled in popularity, was being described as America’s
“national pastime.” Alexander Cartwright (1820-1892) of
New York invented the modern baseball field in 1845. He
and the members of his New York Knickerbocker Baseball
Club, devised the first rules and regulations that were accepted for the modern game of baseball.
Claims about hot dog invention are many and varied. Sausages were made popular by German
immigrants, and it was expedient for vendors on the streets to sell them in buns or on bread because
they were too hot and greasy to handle with just a paper napkin.
The association between hot dogs and baseball began as early as 1893 with Chris von der Ahe, a
German immigrant who owned not only the St. Louis Browns (who became the St. Louis Cardinals in
1900) but also an amusement park and a bar. He served hot sausages on a bun at all three venues.
The National Hotdog & Sausage Council reports that over 5,161,370 hotdogs were sold in 2011 in
ballparks across the nation. That fact puts a whole new spin on the old adage, “the dog days of
summer … ”
— By Kathy Shanahan
Changes to 2012 Tax Forms
There are some changes coming for 2012 tax forms.
We are already working on updating the programs that
will be released to you in January. Here are some of the
changes to expect:
• 1099-INT: There are three new boxes, all relating to
state tax reporting.
• 1099-DIV: There are five new boxes. Two of them
are for reporting exempt-interest dividends from a
mutual fund or other regulated investment company
(RIC). Those amounts will no longer be reported on
Form 1099-INT. The other three boxes are related
to state tax reporting.
• 1099-B: There are five new box descriptions on this
form relating to reporting cost basis for both equity
and mutual fund sales and state tax reporting. There
is also a box for the ticker symbol on this form.
— By Kathy Shanahan
6
HWA Client Conference –
A Mountain of
Informative Fun
Our 2012 conference was kicked off by
a Memphis Redbirds game, with a BBQ
dinner on the upper deck provided by
the famous Rendezvous restaurant. The
Redbirds made the fun last 11 innings,
until sadly, they were beaten by the Reno
Aces. But, what a game …
Another highlight of our conference was
welcoming three new interface partners to
our team. Representatives from Chicago
Clearing Corp, ByAllAccounts and OBS
Financial Services talked about their
products and interacted with our group of
clients and prospects.
The Westin Hotel on Beale Street was
rated highly by clients and sponsors alike
for comfortable rooms, wonderful food
and generous conference space. We are
looking forward to returning next year.
We have a few surprises planned for our
next conference. Most of them are ideas
we got from interactive discussions and
feedback from our client group. We hope
you will join us for our 28th Annual Client
Conference on May 7–9, 2013!
For more information call us at
(800) 328-8661.
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IRS Rollover Chart
I found this chart while searching for information about Joint and Uniform Life Tables for calculating
2013 RMDs (there are no changes to those tables this year).
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For more information about retirement plans and rollovers, see Publication 590 on the IRS website at
http://www.irs.gov/publications/p590/ch01.html
— Contributed by Kathy Shanahan
8
Hot Dog Recipes
Chicago Style Dog
Ingredients
1 all-beef hot dog
1 poppy seed hot dog bun
1 tablespoon yellow mustard
1 tablespoon sweet green pickle relish
1 tablespoon chopped onion
4 tomato wedges
1 dill pickle spear
2 sport peppers
1 dash celery salt
Directions
Bring a pot of water to a boil. Reduce heat to low, place hot dog in water and cook 5 minutes or until
done. Remove hot dog and set aside. Carefully place a steamer basket into the pot above the water, and
steam the hot dog bun 2 minutes or until warm.
Place hot dog in the steamed bun. Pile on the toppings in this order: yellow mustard, sweet green pickle
relish, onion, tomato wedges, pickle spear, sport peppers, and celery salt. The tomatoes should be
nestled between the hot dog and the top of the bun. Don’t even think about ketchup!
Coney Dogs
(not to be confused with an ordinary Chili Dog)
Ingredients
8 hot dog buns
1 pound ground beef
2 onions, finely chopped
2 cloves garlic, finely chopped
2 tablespoons chili powder
1 tablespoon ground cumin
1 6 ounce can tomato paste
1 tablespoon yellow mustard, plus more for topping
1 tablespoon Worcestershire Sauce
2 teaspoons brown sugar
8 beef hot dogs in natural casings
Directions
Preheat oven to 300 degrees. Wrap the hot dog rolls in foil and set aside.
In a large skillet cook beef, garlic and half of the onions over medium-high heat, until the onions are
softened and the meat is cooked, about 5 minutes.
Stir in chili powder and cumin. Cook, stirring occasionally, for 3 minutes. Stir in 1 cup water, tomato
paste, mustard, Worcestershire Sauce and brown sugar. Bring to a boil, cover, reduce heat to medium
and cook until thickened, about 20 minutes.
Meanwhile, in a large saucepan, cover the hot dogs with water and bring to a boil. Cook until heated,
about 8 minutes. Place rolls in the oven to heat through. Place hot dogs in rolls and top with the chili,
remaining onions and extra mustard.
— Contributed by Rex Germany
9
Internet Facts
The Internet
We all know the internet is big. But did you know it is so big that it’s practically impossible to measure?
With so much information available at the touch of a button, it’s easy to see how 70% of people feel that
the amount of available data is overwhelming. The facts below will give you a little perspective on the
internet.
Size of the Internet:
Google estimates the internet at about 5 million terabytes of data which is 5 billion gigabytes or
5 trillion megabytes. The human brain can hold an estimated 1 to 10 terabytes. Using an estimate of
five terabytes per brain, it would take a million human brains just to store the data on the internet and the
internet is growing exponentially.
Population that uses the Internet:
• North America • Australia & Oceania
• Europe
• Latin America & Caribbean
• Middle East
• Asia
• Africa
76.2% (only has 5% of the global population)
60.8%
50.3%
31.9%
28.8%
20.1%
8.7%
What is the Internet used for:
• 16% Entertainment
• 10% Information
• 13% Financial & Banking
• 34% Prepay Services
• 5% Purchasing games and shopping
Mobile Internet use:
• 70% of mobile internet use takes place in the home
• 87% of users access mobile internet more than once per day
• 50% access it more than five times a day
• 81% surf more than 15 minutes each session
• 60% of users use the mobile internet for social connection
— Contributed by Gordon Proud
10
2012
TNET University TNET University
Schedule
When scheduling TNET University classes,
we gather information from three sources –
you, our government and our staff and planning
groups. If you have ideas for classes you would
like us to include, please let us know.
We will send you an email with course information
and a registration form two weeks in advance of each
class. We hope you will use this list to review the available
classes and dates, check your calendar and plan to attend
any classes that interest you.
Basic Training
✦ Sept. 11 (Tues.) and Sept. 13 (Thur.)
✦ Sept. 18 (Tues.) and Sept. 20 (Thur.)
✦ All four classes in this course will be held from 10:00 a.m. to Noon CDT
Chicago Clearing Corporation Interface ✦ Sept. 21 (Free Friday) – 10:00 a.m. CDT
Audit Tools in TNET ✦ Sept. 25 (Tues.) – 10:00 a.m. to 11:30 a.m. CDT
Options, Short Sales, and Corporate Actions ✦ Oct. 9 (Tues.) – 10:00 a.m. to 11:30 a.m. CDT
Applied Quick Query ✦ Oct. 16 (Tues.) – 11:00 a.m. to Noon CDT
RC-T Report ✦ Nov. 6 (Tues.) – 10:00 a.m. to 11:30 a.m. CST
IRA Year-End Reporting ✦ Nov. 13 (Tues.) – 10:00 a.m. to Noon CST
Year-End Reporting
✦ Dec. 11 (Tues.) and Dec. 13 (Thur.)
✦ Both classes will be held from 10:00 a.m. to Noon CST
To register for a class you can:
• Use the registration form that comes with the class
announcement email,
• call Carol White or Kathy Shanahan at (800) 328-8661, or
• send an email to TNETUniversity@HWAinternational.com
11