Print/Export 1099-MISC Forms

Overview

In NV2 Accounts Payable, 1099-MISC forms may be printed/exported for any year, whenever required. There are no year-end "closing" steps - 1099-MISC information is always available up-to-date and "on-screen". You simply print/export it.

Non Employee Compensation was Box 7 on the 1099 MISC form. Now there is the 1099-NEC form. Depending on the Accountant's instructions (use the 1099 MISC or 1099 NEC) NV2 has both forms covered.

Box 1 on the 1099 MISC is Rents. Choose Rents and select the 1099 NEC template.

For a direct link to the Internal Revenue Service instructions for Form 1099-MISC, see www.irs.gov.

Print/Export 1099-MISC - Four Simple Steps

To print/export one or more 1099-MISC, you:

1. Select the Accounts Payable "1099-MISC Information" view and edit the Recipient Id and Contact Name.
2. Setup (<F11>) the amount column(s) to dates for the appropriate year.
3. Ensure the leftmost amount column is the one you want reported.
4. Block one or more accounts/recipients on the 1099-MISC Information window. Then Print>1099s to print/export.

Vendor accounts that do not have a "Recipient Id" or have payments less than the minimum amount will be skipped.

The template selected in the Print 1099s prompt determines whether the Excel output is for print or export. (For export, ensure Copies per Recipient is 1 and Forms per Page is also 1.)

The steps are explained in further detail in the manual pages:

• Setting up the 1099-MISC Information table
• 1099-MISC Preparation
• 1099-MISC Print/Export