Illinois 2023 Tax Update

The value of state allowance decreases from $2,625 to $2,425.

An additional formula was added to Illinois’s withholding method to correct withholding for existing employees for the remainder of 2023. The formula is the same as the standard formula, but uses an allowance value of $2,225. A formula with an allowance value of $2,425 is also included, but should only be used for new employees.

For more information, see the Revised 2023 Illinois Withholding Tax Tables: https://tax.illinois.gov/content/dam/soi/en/web/tax/forms/withholding/documents/currentyear/il-700-t.pdf

Indiana 2023 Tax Table Update

The update for Indiana is effective September 15, 2023.

Employees are entitled to deduct $1,500 per year per qualifying first-time dependent exemption claimed on line 7 of their Form WH-4. For more information, see the Indiana Department of Revenue Departmental Notice #1: https://www.in.gov/dor/files/dn01.pdf

Vantagepoint Now Provides the Smart Summaries™ Tool for Rapidly Generating Client Briefings

The Smart Summaries tool is now available in the Firms form (Hubs » Firms) and will be rolled out in other hubs in future releases. Use this new tool to rapidly build client Smart Summary briefings using AI-generated technology and your client data. The client Smart Summary highlights important information about your client, including recent activities, top pursuit projects, active projects, completed projects, and Key Performance Indicators (KPIs).

To activate Smart Summaries:

1. In the Navigation pane, select Settings » General » Options.

2. In the Global Options section, select the Enable AI Generated Summaries checkbox to turn on the Smart Summaries feature for the Firms form.

3. In response to the confirmation message that provides information about access--as well as recommendations that you review and verify the accuracy of each client Smart Summary that you generate--click Accept to turn on Smart Summaries or click Cancel to cancel the activation.

4. Click Save. 

To build a client Smart Summary:

1. In the Navigation pane, select Hubs » Firms » Firms.

2. In the Find Firm quick search field, find and select a client firm. In the Summary pane, the Firm Type field should display Client (you can only use client firms for client Smart Summary briefings).

3. In the Summary pane, click the Smart Summary button to create a client Smart Summary. A confirmation message displays information about Smart Summaries and the following disclaimer:

Disclaimer: This Smart Summary is generated by an artificial intelligence tool using your Vantagepoint data exclusively. It is provided subject to the Vantagepoint Smart Summary Terms. Deltek does not independently verify the accuracy of each Smart Summary. You are encouraged to independently review and verify the accuracy of the Smart Summary (copyright 2023 Deltek, Inc.).

4. In response to the confirmation message that provides information about access--as well as a disclaimer--click Accept and Generate to build a client Smart Summary that presents the following data for this client:

• Executive Summary: Includes general information about the client such as the description, website, alias, and the employee associated with this client.

• Recent Activities: Lists the 5 most recent activities for this client, including information about who was involved and the subject for each activity.

• Current Pursuits: Includes Key Performance Indicators (KPIs) such as your previous capture rate and average days open, as well as details on the top five active pursuit projects by estimated fee.

• Active Awarded Projects: Includes KPIs such as total backlog, current accounts receivable, and profitability. Also lists the top five active awarded projects by compensation.

• Top Completed Projects: Includes KPIs such as total contract value, average contract value, and profitability. Also lists the top five inactive/dormant awarded projects by compensation.

4. Click the Copy to Clipboard button to save the client Smart Summary. All generated client Smart Summary briefings are stored in Vantagepoint for up to 30 minutes. Responses for each summary section are stored separately to enable you to regenerate a section if it contains an error that you subsequently correct.

Defect 2009136: When you approved and posted a journal entry, you received this error message: "Journal Entries file ; no data to post." Subsequently, when you returned to the list of journal entries, the grid still showed the transaction and amount. When you opened the item, however, it did not contain any information. This issue occurred even when you successfully processed the Labor Cross Charge entry in Accounting » Labor Cross Charge.

Defect 1989105: On the Invoice History tab of the Interactive Billing form, when you selected an invoice and clicked Void, you did not receive a warning message informing you that the invoice would be reversed and its transactions would be returned to an unbilled status.

Defect 2005671: This issue occurred with the Invoice Template Editor when you referenced the same image on both the Page 1 Header and the Page 2 Header. When you previewed the project in Interactive Billing, you received an error message.

Defect 1936219: When the address description of a firm contained a slash symbol, you were unable to delete the address from the firm record.

Defect 1994950: This issue occurred when you set up Planning to use two decimal places for time entries and no decimal places for planned hours and amounts. On the Labor tab of the Plan form, when you replaced planned hours with actual hours, Vantagepoint rounded off the timesheet values for each day. This rounding resulted in a significant difference between the actual and planned values displayed for a weekly or monthly scale.

Defect 1920588: This issue occurred when you added a new timesheet entry by dragging an item in the Calendar Timesheet pane to the calendar--or by selecting Actions » New Timesheet Entry and then selecting a project from the Project/Phase/Task Lookup)--and the project for the timesheet entry was associated with a labor code. When you clicked Save on the Add Timesheet Entry dialog box, a spinning wheel indicated an error.

Defect 1986855: This issue occurred with the Pipeline system dashpart when you set the Time Frame option to Next 6 Months (Projected) or to Next 3 Months (Projected).

If you, on the Estimated Fee tab in Hubs » Projects » Contract Management, set the Allocation Method option to Use Revenue Forecast for a project, the values in the Pipeline system dashpart for that project's first and last month in the time frame did not match the values in the Project Forecast report.

Defect 1935150: This issue occurred when you configured projects to validate time records based on the project plan. When you saved or submitted a timesheet, you received an "exceeded planned hours" warning message but the message did not provide any project information.

Defect 1975458: This issue occurred when you configured the location of a project on the Overview tab of Hubs » Projects » Project by entering a value in the County field instead of selecting the value from the County option drop-down list on the Location dialog box. When you generated a custom proposal that included the country location of a project, the country value for any affected project was not displayed in the custom proposal.

Defect 1975734: In the Resources report, the Range Available Hours column duplicated the hours for each assignment and displayed an incorrect utilization percentage for the resource.

Defect 1957212: In the Find Resources search criteria Utilization field, when you entered Over-utilized only, some over-utilized resources that were supposed to be included in the search results were incorrectly excluded.

Defect 1997945: If fields in the workflow steps previously had EM as the base table and you later changed the value to EMCompany, the Lookup icon in the Value column became unavailable for those fields.