We are halfway through 2020 and there is the new 1099 NEC form required for all 2020 qualified payments. So far there is no update at least in our company that provides the necessary fields & boxes and printing & reporting options to distinguish between 1099-MISC and 1099-NEC. We are concerned about the re-categorization of hundreds of payments that have been processed under the 1099-MISC option provided. We report over 200 1099 forms every year so this is a big deal for us.
Is there a Great Plains update that including upgrade scripts for the 1099-NEC and 1099-MISC fields and format changes for printing and reporting both forms? We use DynamicsGP 2018.
Thank you,
Connie