A core feature of Microsoft Dynamics GP is the ability to print Payables 1099 statements for vendors. Continuing that functionality in the Dynamics GP October 2022 release, we have added a new report writer report to include the boxes and lines for the 1099-NEC form. Now, when you select to print the 1099-NEC form, you have the option of printing the form type one-wide with boxes. When this option is selected, the form will print on blank paper, YAY!
This will be a nice feature to print your forms to screen and verify 1099-NEC information. It also could be used as the form that is delivered to the vendor. This feature does not print the 3-part 1099-NEC form with boxes by the IRS (About Form 1099-NEC, Nonemployee Compensation | Internal Revenue Service (irs.gov) ). Usually, customers will submit the forms electronically to the IRS vs a printed copy.
To print the 1099 Non-employee Compensation (NEC) form with boxes follow these instructions:
Go to Purchasing >> Routines >> Print 1099
1099 Year: select the current year
1099 Type: select “Non-employee Compensation”
Form Type: select “One Wide with Box”
Add the remaining information in this window and click the “Print Forms File”
With the 2022 Year-end Update there are some Payables form changes, review the Year-End Blog Series for details.
By CAL Business Solutions, Connecticut Microsoft Dynamics GP & Acumatica Partner, www.calszone.com