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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.

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.
  • 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 Print a Copy of 1099 Forms.

In MEM

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

After the setup is completed and transactions are processed, you can review the 1099 Statistics in the Vendor Card.