It's the time of year for generating and sending out 1099s to vendors. Dynamics GP has this process built in. You mark a vendor as a 1099 vendor, and then at the end of the year you can print the 1099s. It does all the calculations for you. This is great, until something happens that causes this number to be incorrect in the report. The great thing is that editing 1099s in Dynamics GP is a simple process. Often what is more difficult is determining what the correct number should be.
Of course, when it comes to generating 1099s, the first thing you want to do is verify that all your 1099 vendors are designated as such in their Vendor Card. The easiest way to see which Vendors are currently 1099 vendors is to use a SmartList. There is a default SmartList that works great for this. In SmartList, go to Purchasing > Vendors and select the 1099 Vendors* List. This list will populate with any vendors that are marked as a 1099 vendor. From this list you can drill into the Vendor Card to make any changes. If you do not see a vendor in your list that should be a 1099 vendor, you will need to go into their Vendor Card and make them one.