1099 Reporting

The ability to generate 1099 tax forms for payments to vendors is a standard feature in Microsoft Dynamics 365 Business Central. For more information, see the Microsoft Dynamics 365 Business Central documentation.

• Reporting Transactions as 1099 Liable in the US

When setting up Multi-Entity Management for 1099 reporting, ensure to set up the standard Microsoft Dynamics 365 Business Central pages before setting up the Multi-Entity Management windows.

In Business Central

In Microsoft Dynamics 365 Business Central, use the following pages for the 1099 reporting feature:

• 1099 Form Boxes: Specify the minimum reportable amounts for each code. For more information, see 1099 codes .
• 1099 Adjustments: Specify the minimum reportable amounts for each vendor. This page is accessed from the 1099 Form Boxes (Adjustment Exists link).
• Vendor Card: Assign an IRS 1099 code to a vendor (Payments FastTab, IRS 1099 Code field).
• Vendor Ledger Entries: Review and edit the IRS 1099 Code and the IRS 1099 Amount for a individual ledger entries.

After the setup is completed and transactions are processed, you can review the amounts in the following reports:

• Vendor 1099 Dividend: Only the transactions that use a DIV code appear on the report. For example, DIV-09, DIV-08, etc.
• Vendor 1099 Interest: Only the transactions that use INT codes appear in the report. For example, INT-09, INT-08, etc.
• Vendor 1099 Miscellaneous: Only the transactions that use MISC code appear in the report. For example, MISC-09, MISC-08, etc.

For more information on these pages, see Printing 1099 tax forms .

In MEM

In Multi-Entity Management, use the following pages for the 1099 reporting feature:

• Multi-Entity Management Setup: On the 1099 Report FastTab, set up the options for 1099 reporting.
• MEM 1099 Form Boxes: For a specific entity, set up the minimum reportable amounts for each code.
• MEM 1099 Adjustment: For a specific entity-vendor combination, specify the minimum reportable amounts for each vendor. This page is accessed from the MEM 1099 Form Boxes (Adjustment Exists link).

After the setup is completed and transactions are processed, you can review the amounts in the following reports:

• MEM 1099 Reports: Multi-Entity Management copies of the standard 1099 reports are available.
• Vendor Card: Review 1099 information for a vendor on these windows: Vendor 1099 Statistics and View 1099 Statistics.
• MEM Vendor 1099 Information by Entity: Review 1099 information for all vendors for the selected entities.