Why didn't a 1099 generate for a Vendor who should get one?
Reminder - Logos People Products and Logos Accounting Sunset date 03/29/2019
For Vendors who qualify for 1099, the best thing to do is to mark the Vendor as 1099 when setting them up so each check you write will be included. If you do not, you still may mark each check as 1099. See Example 1099 Form Choice. If this vendor is an individual who needs a 1099, select from the list box or type the first letter for the available options: I=Interest, M=Miscellaneous, R=Rental, R=Royalty, O=Other Income. (Press R twice to get to Royalty.) If you did not mark the Vendor as a 1099 Vendor from the beginning, and you did not mark every check as a 1099 check, chances are your Vendor Amount generated on the 1099 will be incorrect. See the next section on how to correct this amount.
What do I do if my 1099 amount is incorrect for a Vendor?
If you mark 1099 in Vendor setup in the middle of the year, the 1099 amount will not include the checks written to that vendor before it was marked (unless you were marking individual checks and didn't miss any).
To update the vendor for the correct 1099 amount, you may edit the Year to Date tab in the vendor record to include all the checks written to this vendor which qualify for 1099. Once you add the 1099 payments for the current 1099 amount, and now that the Vendor is marked as a 1099 Vendor, each additional payment will be added to the Year to Date 1099 Balance going forward. See Example YTD Tab
Once you have added or updated the 1099 Balance, you must Recalculate All on the 1099 Form in order for any missing Vendors you just updated to display and to show the updated amounts for Vendors who initially had incorrect amounts. See Example Recalculate
If you haven’t marked the Vendor as receiving a 1099 but mark each invoice as 1099, these items will be included in the 1099 whether or not the Vendor is set up as a 1099 vendor.
1099 Form Choice
If this vendor is an individual who needs a 1099, select from the list box or type the first letter for the available options: I=Interest, M=Miscellaneous, R=Rental, R=Royalty, O=Other Income. (Press R twice to get to Royalty.)
YTD tab example
1099 Form Recalculate Button
For additional information on Vendor 1099 Forms, click on the following Help File Link: Vendor: 1099 FAQs