The 1099 vendors have vendor cards that are set up for 1099's: Tax Type: Miscellaneous. 1099 Box: 7 Nonemployee Compensation. However, when we go into 1099 Details or Summary, it shows 0 for every 1099 vendor. Looking back at transactions, each time an invoice was entered, 0 shows in the 1099 box. Did we have to put the invoice amount in the 1099 box in a transaction entry? I thought by setting the vendor up as a 1099 vendor the system would automatically fill in the 1099 box upon posting. Does GP not automatically calculated 1099 amounts? Is there a setup that we are missing?
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