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  • 1.  1099 Type on Misc Charge payments

    Posted Oct 28, 2021 10:50 AM
    We are starting to review our 1099 process and vendors.  When we ran the 1099 Report from Smartlist we noticed that we have multiple payments that are missing 1099 Type.  Upon review of the vendor card the 1099 type is reflect appropriately.  The lines missing 1099 type all appear to be Refund payments.  When completing our 1099's in 2020 we did not experience this issue.  It appears to be a new situation in 2021 as the refunds we issued in 2020 were not an issue when doing 2020 1099's.  is there a setting or something we need to change to make sure these transactions pick up the 1099 type going forward?
    #SmartList  #YearEnd​​

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    Christy Daledovich
    Huber & Associates, Inc.
    Jefferson City MO
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    Academy - Online Interactive Learning from Experts


  • 2.  RE: 1099 Type on Misc Charge payments

    SILVER CONTRIBUTOR
    Posted Oct 29, 2021 09:15 AM
    Christy ~

    Are you integrating the AP refund invoices into GP using SmartConnect?  If so, there is a known bug in the eConnect node where the 1099 amount does not populate on the invoice for a 1099 Vendor.  A post script can be added to the integration to resolve the issue going forward.

    The Update 1099 Information utility can be utilized to update the 1099 amounts on your refund transactions to correct the 2021 issue.

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    Sally Diehl
    RSM - Sr. Director, Technology Consulting
    sally.diehl@rsmus.com
    612.629.9058
    Minneapolis, MN
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    Academy - Online Interactive Learning from Experts


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