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Finance | Project Operations, Human Resources, ...
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1099 NEC and transactions

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Posted on by 75,788 Moderator

With the new Update 1099 Information utility in GP 18.3.1200 will it update transactions even if the vendors was not set up as a 1099 vendor? So if I click the radio button to update both the vendor and transactions will it update all transactions for that vendor regardless of how they were set?

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    agaber Profile Picture
    agaber on at
    RE: 1099 NEC and transactions

    Hi Richard-

    Thank you for posting your question on the Forums.  It should only impact data for Vendors marked as 1099.  If you had a vendor that was not marked, but needed to be after there were already transactions entered, you can run the Update 1099 information utility for them.  Verify in your TEST company first though.  Would also be good to reconcile 1099 amounts for the calendar year and double check the 1099 details inquiry for any vendor(s) you are not sure about as well.  Hope this information is helpful.  Have a great day!

    Adam G.

    Microsoft Dynamics GP

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