1099 Reconciliation

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Posted on by Richard Wheeler

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Will the Tools->Utilities->Purchasing->1099 Amounts reconcile 1099 amounts for vendors?

Let say that for whatever reason invoices for January and February were entered with an incorrect 1099 amount even though the vendor is tagged as a 1099 vendor. You realize this in December. Can I run this utility for this vendor and even though the 1099 type has not changed will it reconcile the 1099 amounts?

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Microsoft Dynamics GP

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Richard Wheeler 75,730 on at

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RE: 1099 Reconciliation

According to our client, all vendors only bill for labor so the 1099 amount always equaled the transaction amount. I just updated the PM30200 table, accordingly.
Hokuminaria 2,950 on at

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RE: 1099 Reconciliation

Hey Richard,

I don't believe it will. The reconcile process for 1099's is like any other. It updates the summary values based on the detail. Sounds like your detail would be wrong to so the Reconcile would not change the summary amounts.

What you would need to do to correct amounts that are incorrect, is use the Edit 1099 Transaction window and edit the values there.

Purchasing >> Transactions >> Edit 1099 Transaction Information

Give that a review as I believe this is what you are looking for.

Thank you!

Brandon | Microsoft Support Engineer.