Summary
The Update 1099 tool is used to quickly update a large number of AP invoices with the 1099 information and 1099 type for a specified calendar year.
Step by Step
1 Open the Update 1099 window (AP> Utilities> Update 1099).
2 Update the 1099 data.
- The Vendors section is used to select which vendors will have their invoices updated.
- Click SELECT ALL or DESELECT ALL to select or deselect all the displayed vendors.
- Specify a Calendar Year for the update.
- Click the Export button to generate a comma-separated value (.csv) file that will allow you to compare the old and new 1099 information for each vendor selected.
- Click EXPORT SETTINGS to see how the data in the export file will be organized.
- Click the Submit button to update the selected vendors' invoices with the 1099 data.