Microsoft recommends that you purchase your tax forms through Deluxe, which are IRS and SSA compliant, as well as guaranteed to be compatible with your GP software. You can order from their website or by calling 1-800-865-1913 to speak to a sales representative to order by phone. Directions are included below for ordering through Deluxe’s website.Read More
The deadline is fast approaching to submit 1099s. You’ve ordered the paper, you’ve checked the vendor 1099 totals, and you’re ready to print. When they come out of the printer, however, there’s an obvious mistake. How frustrating! I’ve addressed some common 1099 printing issues and how to fix them.Read More
Recently, I had a question from a client related to inactivating a 1099 vendor. They were unable to select "Inactive" in the Vendor Card. The vendor status was locked as "Active."
Some common causes for this are:
- The Vendor still has current or unposted transactions.
- There is an active 1099 amount on the account.
- Closed purchase orders for that vendor have not been removed using the Remove Completed Purchase Order Utility.
It's that time of year again! Time to generate and send out 1099s to your vendors. Luckily, Dynamics GP has this functionality built in. All you need to do when entering a new 1099 vendor is specify that they are a 1099 vendor in their vendor card. Then, at the end of the year, you can print 1099s for all vendors that you have set up. All of the calculations are done for you.
That is great, unless something causes these calculations to be incorrect. This can happen if a vendor is not set up as a 1099 vendor initially, and the setup is not corrected until after several payments have been sent. Because they were not set up as a 1099 vendor when the payments were generated, those payments are not in the 1099 calculation.
The great thing about 1099s in Dynamics GP is that editing 1099s is a simple process. However, manually calculating the correct 1099 amount for vendors that were set up incorrectly can be a challenge.Read More