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Dynamics 365 CommunityForums Small and medium business | Business Central, N... 1099 NEC Reporting

Small and medium business | Business Central, N...

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1099 NEC Reporting

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Posted on by rcboiler

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Our 1099 NEC reports are not reporting correct values.

1099 boxes have been updated.

Vendor set up as NEC-01.

All vendor ledger entries showing with the NEC-01 record.

If we take their payment entries out to excel they total correctly.

But the report is showing a much higher amount for each vendor and we cannot figure out where this value is coming from.

Have used print and print preview options on report - same values.

Other 1099 reports (MISC) running fine.

Ideas?

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Dallefeld 229 User Group Leader on at

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To be clear....BC uses the vendor ledger entries with document type of payment but it checks the 'applies-to' entries (invoices and credit memos) for those payments, looking at the 1099 code and 1099 amounts to determine the value to report on the 1099.

I think you should review the invoice and credit memo entries.

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