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1099 information

Dynamics GP

1099 information

Posted by Marianne Jankowski on January 11, 2017 at 4:16 pm
- Maryann Murphy Jankowski
  
  Member
  
  January 11, 2017 at 4:16 PM
  
  I am working on my 1099’s. We have payments to vendors in the medical field. They are identified in the vendor card as a 1099 misc vendor tax type box 6.
  
  These vendors are not pulling over when I print my 1099 edit list. Anyone know why?
  
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  Maryann Murphy Jankowski
  Accounts Payable Supervisor
  American Association of Nurse Anesthetists
  Park Ridge IL
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- Steve Burney
  
  Member
  
  January 11, 2017 at 5:25 PM
  
  Hello Mary Ann,
  Can you share which 1099 edit list you are running?
  Is it a standard report in GP or is from a third party software?
  If it is a Smartlist report then the first thing I would check is if any Search settings that might not include your box type of 6.
  I look forward to your response.
  Steve
  
  ——————————
  Steve Burney
  Senior Financial Systems Administrator
  Correct Care Solutions
  Nashville, TN United States
  sburney@correctcaresolutions.com
  615-312-7272
  Twitter @SteveBurney
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- Maryann Murphy Jankowski
  
  Member
  
  January 12, 2017 at 8:57 AM
  
  The report is located under tools-routines-payables-print 1099. I’m guessing because the vendor total is under $600 that’s why it’s not showing up.
  
  Regards
  Maryann.
  
  ——————————
  Maryann Murphy Jankowski
  Accounts Payable Supervisor
  American Association of Nurse Anesthetists
  Park Ridge IL
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- Maryann Murphy Jankowski
  
  Member
  
  January 12, 2017 at 9:11 AM
  
  Steve, upon review there are other vendors well over the $600 that are not showing up on the report.
  
  ——————————
  Maryann Murphy Jankowski
  Accounts Payable Supervisor
  American Association of Nurse Anesthetists
  Park Ridge IL
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- Chris Hadden, CPP
  
  Member
  
  January 11, 2017 at 5:27 PM
  
  Hi Maryann,
  
  Are other payments reported outside of box 6, displaying on these vendors’ 1099 details?
  And as always good to check, do they all have payments above $600 for the year (the min payments to require a 1099)?
  
  ——————————
  Chris Hadden, CPP
  Technical Sales Manager
  Greenshades Software
  Jacksonville FL
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- Maryann Murphy Jankowski
  
  Member
  
  January 12, 2017 at 9:08 AM
  
  Chris, the totals for the year for these vendors is well over the $600. All other vendors seem to be ok just the miscellaneous medical.
  
  ——————————
  Maryann Murphy Jankowski
  Accounts Payable Supervisor
  American Association of Nurse Anesthetists
  Park Ridge IL
  ——————————
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- Joni Finnell
  
  Member
  
  January 12, 2017 at 10:03 AM
  
  Maryann:
  
  What search options are you using? We use the following to pick up all of them:
  
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  Joni Finnell
  Project Accountant/GP Troubleshooter
  Consumer Support Services, Inc.
  Newark OH
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- Maryann Murphy Jankowski
  
  Member
  
  January 13, 2017 at 9:21 AM
  
  Thanks Joni. We use the same report to cross reference against the 1099 edit list report located under Tools-routines-print 1099.
  
  ——————————
  Maryann Murphy Jankowski
  Accounts Payable Supervisor
  American Association of Nurse Anesthetists
  Park Ridge IL
  ——————————
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- Joni Finnell
  
  Member
  
  January 16, 2017 at 12:13 PM
  
  Maryann:
  
  I tested our 1099 edit list and found we had vendors that were not showing as well. It turns out the vendor master file was changed to no 1099 after the transaction was processed as a 1099 vendor. It won’t let me edit the transactions unless the vendor is changed back to a 1099 vendor.
  
  Maybe the transactions for your vendors were processed as no 1099 before the vendor was changed to a 1099 vendor?
  
  Thanks
  
  ——————————
  Joni Finnell
  Project Accountant/GP Troubleshooter
  Consumer Support Services, Inc.
  Newark OH
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- Windi Epperson
  
  Member
  
  January 17, 2017 at 11:11 AM
  
  Maryann,
  If the vendors are still not showing on your edit list, I would use the Update 1099 Information option under payables utilities. Choose to update “vendor and 1099 transactions” and it will update the vendor card to ensure they are flagged as 1099 with the right box, the 1099 amount field for all transactions, and the 1099 summary window.
  
  The one caution here: if you have any invoices for these vendors that shouldn’t be 1099ed or you have invoices where the whole amount should not be 1099ed (ex: Invoice for service and supplies but the supplies shouldn’t show on the 1099) this process won’t handle those differently. The process updates all transactions for this vendor and sets the 1099 amount to be the same as the purchase amount.
  
  Thanks
  Windi
  
  ——————————
  Windi Epperson
  President/GP Senior Consultant
  Advanced Integrators, Inc.
  Norman OK
  405-946-1774 Ext 102
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Marianne Jankowski replied 6 years, 8 months ago 1 Member · 0 Replies
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