Step 3a. Correct 1099 IDs and types

Account Payable Year-end Checklist

For each 1099 vendor, use the 1099 Reconciliation Report for all vendors and the 1099 Reconciliation report for all 1099 invoices to answer the following questions.

Is the 1099 vendor listed on both reports?

Yes, the 1099 vendor is listed on both reports. Continue to the next question.
No, a 1099 vendor is missing from one or both reports. You'll need to do a little troubleshooting to find out why the vendor is missing. You may need to use Modify Existing Vendors (Accounts Payable) to verify the vendor's 1099 information. For example, the 1099 vendor will not show up on the report if the vendor is not set up as a 1099 vendor. If that's correct, after you change the 1099 vendor type in the vendor record you might also need to use Adjust 1099 Balances to update the 1099 type, 1099 amount, or both the 1099 type and 1099 amount on the 1099 vendor's invoices.

Is the vendor name and contact information correct?

Yes, the vendor name and contact information is correct. Continue to the next question.
No, the vendor name and contact information is NOT correct. Use Modify Existing Vendors in the Accounts Payable application to update the vendor's name, contact information, and 1099 type. Remember, the 1099 vendor will not be included on the report if the vendor is not set up as a 1099 vendor. To learn more, see Verifying 1099 Vendor Information (Step 3a).

Do you need to remove a non-1099 vendor?

Yes, I need to remove a vendor from the report. This is a two-step process. First, remove the 1099 type and amount for each invoice that's tied to the vendor. To learn more, see Removing 1099 Type and Amount from a Non-1099 Vendor. Second, update the vendor record to remove the 1099 vendor information and assign the 1099 vendor type to None. To learn more, see Removing 1099 Vendor Type From a Vendor.
No, I do NOT need to remove a vendor. Continue to the next vendor. Repeat the previous questions until you have checked every 1099 vendor.

202411, 2024Dec12