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!
Also, remember the feature Microsoft added in 18.4 to Default the Payables 1099 to Single Feed vs Continuous.
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
Read the original post at: https://community.dynamics.com/gp/b/dynamicsgp/posts/microsoft-dynamics-gp-october-2022–payables-1099-nec-form-prints-with-lines-and-boxes
