Skip to main content

Notifications

Announcements

No record found.

News and Announcements icon
Community site session details

Community site session details

Session Id :
Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / Using the Backup Withh...
Microsoft Dynamics GP (Archived)

Using the Backup Withholding feature in GP

(0) ShareShare
ReportReport
Posted on by dbergman 70

Has anyone setup and used the Backup Withholding feature for 1099 Misc. in Great Plains? We currently keep track of backup withholdings outside of the system and enter credit memos for backup withholding, which obviously means we do not process 1099's directly from GP. 

Questions I have are:

1. If we set this up and we have transactions for a vendor that are reportable and are not reportable - does the system know to only compute the withholding on those invoices that are reportable?

2. Is it reliable and accurate? Our tax compliance person doesn't really trust GP to handle this.

3. Is it possible to turn this feature on January 1, 2008 without having to go back and change an existing data?

Thanks for any input!

Debbie

 

*This post is locked for comments

  • L Vail Profile Picture
    L Vail 65,271 on at
    RE: Using the Backup Withholding feature in GP

    Debbie,

    Are you still looking for a backup withholding solution? I can help you set up GP so that it does it, you'll just have to make a report writer change to the 1099 report at the end of the year.

    Kind regards,

    Leslie

  • L Vail Profile Picture
    L Vail 65,271 on at
    Re: Using the Backup Withholding feature in GP

    If you are talking about the option in Company Setup, this is not intended for US backup withholding and does not report it correctly.

  • Amin.Rahim Profile Picture
    Amin.Rahim 5 on at
    Re: Using the Backup Withholding feature in GP

    Hello Debbie

    I am located at Pakistan where there is no need of 1099 schedule, so for this I need the detail info what is 1099 so I can help u out in better way.

     

    As far as your other question concern, please find below the answers

     

    1. Yes GP provide to setup individual parameters for each vendor, from where u can setup this.

    2. GP provides the accurate results as we are also printing Withholding report and submitted to our concerns

    3. Please clear this to me in detail

     

    So I hope this will help you out and also requesting to please use my email address for further correspondance.

     

    Regards

    Amin

    aminkhan1978@gmail.com 

     

Under review

Thank you for your reply! To ensure a great experience for everyone, your content is awaiting approval by our Community Managers. Please check back later.

Helpful resources

Quick Links

Daivat Vartak – Community Spotlight

We are honored to recognize Daivat Vartak as our March 2025 Community…

Announcing Our 2025 Season 1 Super Users!

A new season of Super Users has arrived, and we are so grateful for the daily…

Kudos to the February Top 10 Community Stars!

Thanks for all your good work in the Community!

Leaderboard

#1
André Arnaud de Calavon Profile Picture

André Arnaud de Cal... 292,516 Super User 2025 Season 1

#2
Martin Dráb Profile Picture

Martin Dráb 231,436 Most Valuable Professional

#3
nmaenpaa Profile Picture

nmaenpaa 101,156

Leaderboard

Featured topics

Product updates

Dynamics 365 release plans