How_do_I_adjust_1099_balances_2023.11_

How do I adjust 1099 balances? (2023.11)

Make changes to 1099 balances for a vendor. Entering an adjustment allows you to set or clear the 1099 type and 1099 amount on specific invoices. The view will display 1099 type vendors and non-1099 vendor types. 

This view was updated to a new look and feel in the 2023.11 release. In the earlier version, when you were completing the year-end checklist, you had to change the vendor type and then adjust 1099 balances. In the updated version, you can adjust 1099 balances for a vendor even when the vendor type is not set to a 1099 type vendor. 

Change the 1099 type assigned to a vendor to a new 1099 type. Or change a non-1099 vendor to a 1099 vendor. 


Do this...

1. Open Connect Accounts Payable > Vendors > Adjust 1099 Balances.

2. Select the tax year and vendor number.

3. Use the 1099 Type menu to select a new 1099 type. 

 

Idea
Tip! To launch the employee record, use the menu button at the end of the Vendor box to select Modify. Clicking Modify will open the selected vendor record in Modify Existing Employees.

 

1099 Type column


4. Click GO (CTRL+G).

 

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