Open Forum

Expand all | Collapse all

1099-NEC

  • 1.  1099-NEC

    Posted Dec 09, 2020 12:51 PM
    We have GP 2013.  The Year End update will not work on versions before 2016.  There is the new 1099-NEC form we have to use this year instead of the 1099-Misc.  We are not going to upgrade to a newer version of GP.  How are other people handling the printing of the new forms?
    #YearEnd

    ------------------------------
    Tammy Cotta
    Accounting Manager
    University Studies Abroad Consortium
    Reno NV
    ------------------------------
    Digital Acceleration Binge Day January 28, 2021 | 11:00 AM to 2:00 PM EST


  • 2.  RE: 1099-NEC

    Posted Dec 09, 2020 02:16 PM
    I think your only options are to manually fill those forms out, or submit a file to a servicer.

    ------------------------------
    Mike Bresnan
    Arabella Advisors
    Washington DC
    ------------------------------

    Digital Acceleration Binge Day January 28, 2021 | 11:00 AM to 2:00 PM EST


  • 3.  RE: 1099-NEC

    SILVER CONTRIBUTOR
    Posted Dec 09, 2020 02:48 PM
    Tammy - our organization too is running GP 2013, we did purchase a few years ago Greenshades (because we had to start e-filing) and they are able to accommodate our hurdles. Even with this 1099 NEC they will be able to convert it. So hopefully our accounting team follows it.

    ------------------------------
    Angela Harris
    Territorial Financial Systems Administrator
    The Salvation Army-Central THQ
    Hoffman Estates IL
    ------------------------------

    Digital Acceleration Binge Day January 28, 2021 | 11:00 AM to 2:00 PM EST


  • 4.  RE: 1099-NEC

    GPUG ALL STAR
    Posted Dec 10, 2020 01:59 AM
    Edited by Zubin Gidwani Dec 10, 2020 02:01 AM

    1099Pro is an external software solution

    Not as clean as an inline solution like Greenshades, but not difficult to export your records to Excel and then import back in to their desktop application.

    Their service bureau offering (print, mail, and efile) service starts from about $1/record
    https://www.1099pro.com/prod1099pro.asp



    ------------------------------
    Zubin Gidwani
    Founder
    Dynamic Budgets
    San Francisco-Bay Area CA
    ------------------------------

    Digital Acceleration Binge Day January 28, 2021 | 11:00 AM to 2:00 PM EST


  • 5.  RE: 1099-NEC

    Posted Dec 10, 2020 12:25 PM

    Thank you!

     

    Tammy Cotta, MBA, CNAP (she/her)

    Financial Accounting Manager

    USAC Accounting
    775.682.5876 | toll free 866.404.USAC | usac.edu
    Facebook | Twitter | YouTube: StudyAbroadUSAC

     

    ** Get your study abroad questions answered during our weekly live info sessions. Check out the schedule here. **

     




    Digital Acceleration Binge Day January 28, 2021 | 11:00 AM to 2:00 PM EST


  • 6.  RE: 1099-NEC

    GPUG ALL STAR
    Posted Dec 10, 2020 02:11 PM
    If you have a low volume of 1099s to generate you might find it easier to just use 1099Pro's online service (ie no software to download)



    ------------------------------
    Zubin Gidwani
    Founder
    Dynamic Budgets
    San Francisco-Bay Area CA
    ------------------------------

    Digital Acceleration Binge Day January 28, 2021 | 11:00 AM to 2:00 PM EST


  • 7.  RE: 1099-NEC

    TOP CONTRIBUTOR
    Posted Dec 10, 2020 08:58 AM

    I've found these 3 answers for later versions.  Click on the contact person to contact.

    1. Aatrix Nisa Rajput
    2. Crestwood has a solution. Mary Lenehan
    3. Greenshades Molly Van Kampen


    ------------------------------
    Kim Peterson
    701-261-7307
    Kim@DynamicsConnections.com
    #KimPetersonGP
    ------------------------------

    Digital Acceleration Binge Day January 28, 2021 | 11:00 AM to 2:00 PM EST


  • 8.  RE: 1099-NEC

    Posted Dec 10, 2020 12:25 PM

    Thank you!

     

    Tammy Cotta, MBA, CNAP (she/her)

    Financial Accounting Manager

    USAC Accounting
    775.682.5876 | toll free 866.404.USAC | usac.edu
    Facebook | Twitter | YouTube: StudyAbroadUSAC

     

    ** Get your study abroad questions answered during our weekly live info sessions. Check out the schedule here. **

     




    Digital Acceleration Binge Day January 28, 2021 | 11:00 AM to 2:00 PM EST


  • 9.  RE: 1099-NEC

    GPUG ALL STAR
    Posted Dec 14, 2020 07:18 AM
    Hi @Tammy Cotta

    You have some great advice, I found this article from Njevity that I have been sharing with folks.

    At the bottom of the article are a NUMBER of work-arounds for folks on earlier versions:
    https://www.njevity.com/2020/11/04/microsoft-dynamics-gp-1099-information-for-the-2020-year-end/

    ------------------------------
    Jo deRuiter
    🌟 GPUG AllStar 2019
    💫Granite Award Winner 2018,2019
    Atlanta Chapter Leader
    Credential Council Co-Chair
    Aisling Dynamics Consulting, LLC
    ERP Practice Manager
    jo.deruiter@aislingdynamics.com
    9518674366
    Alpharetta, GA
    aislingdynamics.com
    ------------------------------

    Digital Acceleration Binge Day January 28, 2021 | 11:00 AM to 2:00 PM EST


  • 10.  RE: 1099-NEC

    Posted Dec 17, 2020 07:41 AM

    We use Yearli for our 1099's instead of GP.  I created a smart list to pull my vendor information together and then import it into Yearly.  Costs a $99 flat fee and then per form after that.  



    ------------------------------
    Meredith McCurry-Webb
    Director of Accounting
    Community Associations Institute
    Falls Church VA
    ------------------------------

    Digital Acceleration Binge Day January 28, 2021 | 11:00 AM to 2:00 PM EST


  • 11.  RE: 1099-NEC

    GPUG ALL STAR
    Posted 28 days ago

    Make sure that you do not use the standard GP YTD or LYR columns!! Those columns are based on "Amount Since Last Close" and are often incorrect data! It is better to use a SQL View. I have links to a SQL View and tips for dealing with the new form in my new blog post: https://trainingbyamberbell.com/2020/12/29/training-dynamos-survival-guide-for-microsoft-dynamics-gp-and-the-new-1099-nec-form/



    ------------------------------
    Amber Bell
    Training Dynamo LLC
    Email: amber@trainingdynamo.com
    Website: www.trainingdynamo.com
    Twitter: @trainingdynamo
    ------------------------------

    Digital Acceleration Binge Day January 28, 2021 | 11:00 AM to 2:00 PM EST


  • 12.  RE: 1099-NEC

    Posted Dec 18, 2020 11:49 AM

    We have used one of the programs that is in the article that Jo shared from Njevity. It is called W2 Mate, and it can be used for 1099s and for W2s, depending on what options you need/purchase.  It is super easy and their customer service has always been great.  It has options to electronically file also, but we don't use that.  They also have the envelopes for sale at a very good price.  If you go that route, just take care in ordering because many of the options are similar, but some are for W2s and some are for 1099s.

    I also order the 1099 and 1096 forms from the IRS, which are free.  The 1099s come tractor feed, and then I separate them, keeping the top (red IRS) copy and throwing the rest away.  For the recipient copy, W2 Mate has an option to print the 1099 and the instructions all on one sheet of regular paper.  That is perfect, as you just fold it in half and put it in the envelope. You can also make labels if you prefer, but then you have to make sure the right form is in the right envelope.

    Michelle Ponder 

    Accounts Payable Coordinator

    Lucky's Market

    Longmont, CO



    ------------------------------
    Michelle Ponder
    Lucky's Market Parent Company LLC
    Niwot CO
    ------------------------------

    Digital Acceleration Binge Day January 28, 2021 | 11:00 AM to 2:00 PM EST


  • 13.  RE: 1099-NEC

    TOP CONTRIBUTOR
    Posted 12 days ago
    Edited by Lou Spevack 12 days ago
    We use 1099-Pro which has worked well for us.  Today I received an email from them saying that the 1099-NEC form is not part of the IRS Combined Federal/State Filing (CF/SF) Program for Tax Year 2020. Most filers will be required to submit their 1099-NEC information directly to the state(s) in addition to IRS filing.
    Has anyone confirmed this?  We mail 1099 forms to 40 states.

    ------------------------------
    Lou Spevack
    American Council on Education
    Washington DC
    ------------------------------

    Digital Acceleration Binge Day January 28, 2021 | 11:00 AM to 2:00 PM EST


  • 14.  RE: 1099-NEC

    Posted 4 days ago
    Not sure if you were able to get your problem corrected.  I'm all about saving money.  Why buy a software if it isn't needed?  We too are in a situation where we can't get the newest update due to our server being too old.  For us, we no longer will be using the 1099-Misc so I re-aligned the template to match the 1099-NEC.  It took about 5 minutes and it was ready to go.

    ------------------------------
    Josh Case
    Great Lakes Forest Products Inc
    Elkhart IN
    ------------------------------

    Digital Acceleration Binge Day January 28, 2021 | 11:00 AM to 2:00 PM EST


If you've found this thread useful, dive deeper into User Group community content by role