MEM 1099 Form Boxes

This MEM page is a copy of the 1099 Form Boxes page in Microsoft Dynamics 365 Business Central.

In MEM

Use the MEM 1099 Form Boxes page for specifying the BSSI Minimum Reportable amount for specific entities for each 1099 code. The default amounts are from the standard 1099 Form Boxes in Microsoft Dynamics 365 Business Central. Changes to the minimum reportable amounts on this page affect the specific entity only and override the amounts specified on the Microsoft Dynamics 365 Business Central 1099 Form Boxes.

You can access this page as follows: 

1. Open the Dimensions page.
2. Select the global dimension that is set up as the Entity Dimension and select Dimension > Dimension Values.

The entity dimension is set up on the Multi-Entity Management Setup page is already setup.

3. Select a dimension value, and select Actions > Functions > MEM Entity Setup.
4. Select the 1099 Form Box button.

Setup Example

In this example, Vendor 100000 has four invoices with different entities: 

Entity Code	Invoice Number	Code	Invoice Amount
LARGE	Invoice 1	DIV-01	250.00
LARGE	Invoice 2	DIV-01	200.00
SMALL	Invoice 3	DIV-01	150.00
MEDIUM	Invoice 4	DIV-03	300.00

The MEM 1099 Form Boxes is setup with the following minimum reportable values: 

Entity Code	Code	Minimum Reportable
LARGE	DIV-01	200.00
MEDIUM	DIV-03	250.00
SMALL	DIV-01	200.00

The sum of the invoice amounts for each entity is as follows: 

Entity Code	Code	Invoice Sum Amount
LARGE	DIV-01	450.00	Sum of Invoice 1 and Invoice 2
MEDIUM	DIV-03	300.00	Invoice 4
SMALL	DIV-01	150.00	Invoice 3

When the 1099 report is run, only the amounts for the entity codes LARGE and MEDIUM appear on the report.

• For entity code LARGE, the minimum reportable amount is 200.00. The sum total of the invoices with DIV-01 is 450.00, which is more than the minimum reportable amount (200.00).
• For entity code MEDIUM, the minimum reportable amount is 250.00. The invoice total with DIV-03 is 300.00, which is more than the minimum reportable amount (250.00).

For entity code SMALL, the minimum reportable amount is 200.00. The invoice total with DIV-01 is 150.00, which is less than the minimum reportable amount (200.00). As a result, this amount does not appear on the 1099 report.

Set Up Minimum Reportable Amounts

To set up the 1099 minimum reportable amounts, follow these steps: 

1. Set up the standard 1099 Form Boxes in Microsoft Dynamics 365 Business Central with the 1099 minimum reportable amounts for the whole company.
   1. A message asking if you want to apply the value to all entities appears, Select Yes or No.
      Selecting Yes, applies the changes to the MEM 1099 Form Boxes for all entities.
2. Open the Dimensions page.
3. Select the dimension that is the Multi-Entity Management entity, and select Dimension > Dimension Values.
4. For each entity for which you want to set up specific 1099 minimum reportable amounts, do the following: 
   1. From the list of available entities, select the entity and select Actions > Functions > MEM Entity Setup.
   2. On the MEM Entity Setup page, select 1099 Form Box.
   3. On the MEM 1099 Form Boxes, for each 1099 code specify the BSSI Minimum Reportable amount.
   4. Close the pages and return to the list of entities.
5. Repeat the previous step for all entities for which you want to specify the 1099 minimum reportable amounts.

Fields

This page contains the following fields: 

Field	Description
Code	Displays the code for the 1099 form box.
Description	Displays the description of the code for the 1099 form box.
BSSIMinimum Reportable	Specify the minimum reportable amount for the 1099 code. The default values is from the standard 1099 Form Boxes in Microsoft Dynamics 365 Business Central. Changing the value on this page affects the specific entity only.
Adjustment Exists	Displays the number of adjustments that have been made to the 1099 form box for the selected code. Select the number to open the MEM 1099 Adjustment page, where you can make adjustments for the amount for the code for the 1099 form box. The adjustment exists number represents the number of lines on the MEM 1099 Adjustment.

See also

MEM 1099 Reports

Vendor 1099 Statistics