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Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / 1099 Amount Wrong
Microsoft Dynamics GP (Archived)

1099 Amount Wrong

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Posted on by Darrell Gilbert 255

Our vendor 1099 amounts is not picking up the entire payment for an invoice, just the subtotal amount on the invoice entry screen. It is excluding the miscellaneous, freight, and taxes. How do we make a change so that the entire payment is 1099 reportable? Is there a setup change or an GP update to resolve this issue.

Example:

Vendor ABC invoices us for $106.  A $100 is applied to the purchase order line and $6 is entered on the tax line below the subtotal. Our current GP setup only shows the $100 as 1099 reportable however’ the $106 is the correct 1099 reportable amount.

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  • Verified answer
    Cecile Dinh Profile Picture
    Cecile Dinh 585 on at
    RE: 1099 Amount Wrong

    Another option is you to setup Tax Detail ID based on "Tax Included with Item Price".  That means when you will enter the Purchases Amount of $106 (inclusive of Tax),  on your Tax amount it displays zero, but if you click on Tax Amount arrow, it displays $6.  Your Tax report and 1099 amount will give you correct amount.

    To be able to fix your existing 1099 amount from transactions already posted,  please go to Purchasing>Cards > 1099 Details > select Month > and you should be able to correct your 1099 amount.

    Hope this helps!

  • Verified answer
    Michael Bloom Profile Picture
    Michael Bloom 190 on at
    RE: 1099 Amount Wrong

    The 1099 amount is based on the Purchases amount field and does not include the addtional amount types such as Freight, Misc or Tax.

    A smartlist could be created to include the other amounts in order to cacluate the needed 1099 reportable amount

    Michael Bloom

    GP Consultant

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