Solved

GP 2010 - 1099 amount in error

Posted on 2014-01-01
5
509 Views
Last Modified: 2014-01-05
We have a vendor that is not a 1099 vendor; however, the AP employee input the amount as a 1099 amount when they were entering the transaction. How do we correct this?
0
Comment
Question by:pstre
  • 3
  • 2
5 Comments
 
LVL 18

Expert Comment

by:Victoria Yudin
Comment Utility
You can use the Update 1099 Information Utility to fix this:

Under Update choose Vendor and 1099 transactions
Under From choose the Tax Type (typically Miscellaneous) and Box Number (typically 7) the transaction was coded to
Under To choose Not a 1099 Vendor for Tax Type
Select the Vendor ID in the From and To and insert the range
If you need to narrow it down further you can also add a Document Date range
0
 

Author Comment

by:pstre
Comment Utility
They are not set up as a 1099 vendor (it is already set up as Not a 1099 Vendor) but there is a 1099 amount.  How do we get the 1099 amount out?
0
 
LVL 18

Expert Comment

by:Victoria Yudin
Comment Utility
Have you tried the steps I outlined above?  :-)
0
 

Author Comment

by:pstre
Comment Utility
Under utilities, there is not an option for "not a 1099 vendor." for the tax type.  All I see listed is dividend, interest, and miscellaneous
0
 
LVL 18

Accepted Solution

by:
Victoria Yudin earned 500 total points
Comment Utility
Sorry about that, I was looking in GP 2013...I didn't realize they added that. In prior versions, you would need to make the vendor a 1099 vendor again, then clear out the amount by going to Cards | Purchasing | 1099 Details, finding the amount(s) for each month and zeroing them out. (It has to be done on the monthly/period view, the yearly one is not editable). Once done, change the vendor back to Not a 1099 Vendor.
0

Featured Post

What Should I Do With This Threat Intelligence?

Are you wondering if you actually need threat intelligence? The answer is yes. We explain the basics for creating useful threat intelligence.

Join & Write a Comment

Problem: You created a new custom form in Outlook for your contacts (added fields, deleted fields, changed the layout of fields, whatever) and made it the default form for contacts. The good news is that all new contacts will utilize the new form. T…
Lync meeting or Lync conferencing is what many organizations would like to deploy to allow them save money. But companies are now giving up for various reasons, one of which is that they cannot join external meetings (non-federated company meetings)…
The viewer will learn how to simulate a series of sales calls dependent on a single skill level and learn how to simulate a series of sales calls dependent on two skill levels. Simulating Independent Sales Calls: Enter .75 into cell C2 – “skill leve…
The viewer will learn how to use the =DISCRINV command to create a discrete random variable, use this command to model a set of probabilities and outcomes in a Monte Carlo simulation, and learn how to find the standard deviation of a set of probabil…

728 members asked questions and received personalized solutions in the past 7 days.

Join the community of 500,000 technology professionals and ask your questions.

Join & Ask a Question

Need Help in Real-Time?

Connect with top rated Experts

13 Experts available now in Live!

Get 1:1 Help Now