Accounts Payable Year-end Checklist
Complete this section to correct 1099 vendor information, 1099 Type, and 1099 Amounts. If you don’t need to make any corrections, skip to Step 6: Run 1099 Application.
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Use Adjust 1099 Balances to change the 1099 Type or 1099 Amount on an invoice.
Do this...
1. Open Connect Accounts Payable > Vendors > Adjust 1099 Balances.
2. Select the 1099 Year.
3. Select the 1099 Vendor.
The invoices created for the vendor displays on the screen.
Adjust 1099 Balances
Why isn’t a vendor showing up? Only vendors that are set up with a 1099 type in Modify Existing Vendors will be included in Adjust 1099 Balances. Make sure the vendor is assigned to any 1099 type except for None.
4. Scroll down the invoice list to find the invoice with the wrong amount or type.
5. To change 1099 Type, click on the drop-down list and select the correct 1099 type.
Changing the 1099 Type assigned to an invoice
6. To change the 1099 Amount, click on the amount to select it, and then, type in the correct amount.
Adjusting the 1099 Amount assigned to an invoice
7. Click GO (CTRL+G).
The changes to the 1099 Vendor are saved. You may need to repeat these steps to change the 1099 Type or 1099 Amount on another 1099 Vendor. When you’re finished updating the 1099 Types and 1099 Amounts, you’re ready to check your work.
Updated 20Dec2017