My customer has a case where some payables were processed outside of the system and then journalized. However they also need to be recognized for 1099’s. Because the payables were done outside of the system there are no Vendor Ledger Entry to update. As such I thought I could enter a 1099 adjustment.
That said, I did a test adjustment using the adjustment feature under the 1099 Form Screen. The adjustment was easy to enter, but it does not appear on the 1099 Information Report nor on the forms. For this example I chose a vendor with a MISC-06 code and 600 limit and no activity. I then entered an adjustment for 601 dollars for 2023. Again it does not appear on the information report or forms. To troubleshoot I tried the following:
I found an case from a coupe years back that indicates the adjustment feature may be buggy and has some known issues.
To further troubleshoot I tried the following:
* Changed the work date to 12/31/2023
* Added a date filter when running the 1099 MISC form.
Still could not get the adjustment to appear. All that said, are these issues still persistent and is there a work around for them.
Please advise. Look forward to a response.
JG
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