By using this website, you agree to our Terms of Use (click here)
I had a Vendor that I forgot to mark as a 1099 vendor. After year-end, I realized my mistake and set the vendor to 1099 by going to the Vendors (AP303000) screen, checking the 1099 Vendor box, and setting the 1099 Box field to 7-Nonemployee Compensation.
I know that I have payments already out there for this vendor.
But I went to the 1099 Year Details (AP654500) report and my vendor still doesn't appear. Is it too late to get the payments marked as 1099 payments?
Hi Piggy,
Great question. This one is a little weird, but it does kind of make sense.
Not every payment to a vendor is necessarily a 1099 payment. Because of this, Acumatica doesn't assume that all of your historical payments to a vendor were actually 1099 payments when you mark a vendor as a 1099 vendor.
You have to go to each payment and mark it as a 1099 payment. This is where it gets weird.
You don't actually mark the payment as a 1099 payment. You mark the individual AP Bill lines.
Now, going forward, once you mark a vendor as a 1099 vendor, the future AP Bill lines will automatically get marked as 1099 lines. But you have to go back and fix the historical ones.
So go to the Bills and Adjustments (AP301000) screen and pull up each historical Bill for the Vendor. Pretty much everything on this screen is locked down and not editable once you release the Bill. But there are a couple of fields that can still be edited.
One of those fields is the 1099 Box field on the Documents Details tab.
Once you set the 1099 Box field, the Bill will appear on the 1099 Year Details (AP654500) report.
Glad I asked. I never would have guessed that. Thank you.