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ReportAt the end of the year when I run 1099's, will I be able to change the amount to be reported if it is not correct?
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At the end of the year when I run 1099's, will I be able to change the amount to be reported if it is not correct?
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Generally, there are no limitations to modify any (incorrect) figures in the report - you can change manually anything in the Excel where you can export the report. However, the correct approach is to make changes in the data (preferably by standard tools - make corrective documents), otherwise you would never be able to explain to the auditors in the end of the days why your Excel report is not matching your data in the database.
Any changes to posted document may land you to new problem. If mistakenly or due to any reason if amounts are not correct. Try using correction or reversal for same. Don't ever try to do any modification manually in any of the ledgers.
hi MerieH,
If i understood your question, It seems like you are trying to manually change the posted amounts because it is not correct...
If it is the case then, the answer is NO... You should not delete the transaction. If some posted document is wrong then do the Negative Entry and adjust the previous document and then re-post the correct amount.
Deleting or changing any value explicitly is not the correct way to deal with NAV...
Where I am running into trouble is, we pay the same monthly amounts to certain vendors and if they have delinquent a/r's, we will deduct. With regards to 1099 reporting. We need to have the 1099 show the full amount of the monthly payment, which falls under Misc 1 Rents. Currently the a/r deductions are taking away from the 1099 balance. I have tried to go into the Vendor Ledger Entries and remove but so far hasn't worked.
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