• Details about what information will print on the 1099s in Accounts Payable
• A report to help prepare for 1099s
• Sage 300 CRE Year-End Information - Accounts Payable

[BCB:5:Third-party support:ECB]

Information

If upgrading from versions 20.2 or older, vendors with the form type 1099-MISC Non-Employee Compensation selected automatically update to the 1099-NEC Non-Employee Compensation type.

Select the form type 1099-MISC Rents/Gross Proceeds and mark the Gross Proceeds Paid to An Attorney box to report those amounts. In versions 20.2 and older, select the form type 1099-MISC Non-Employee Compensation.

Refer to the IRS form instructions for the 1099-MISC and 1099-NEC. Consult with your tax accountant about whether you need to report amounts in the Gross Proceeds Paid To An Attorney box on the 1099-MISC form.

Set up a vendor to receive a form 1099 (NEC, MISC, INT, or DIV)

1. In Accounts Payable, from the Setup menu, select Vendors.
2. Select the Vendor then press the ENTER key twice.
3. Select the 1099 Settings tab.
4. Mark the Vendor Receives a Form 1099 box.
5. As of version 24.1: If you need to issue the 1099 to a different address than the one on the General tab:
   1. Mark the Alternate Address for 1099 check box.
   2. Click the Alt 1099 Addr button (bottom-right corner next to the Help button).
   3. Enter the address information needed for 1099s then click OK. Tip: You’ll need to TAB through the Postal Code field for the OK button to enable.
6. Enter the Recipient's Tax ID Number.
7. Enter the Tax ID Number (TIN) name in the Recipient's Tax ID Name field if it's different from the vendor Name.
   • The vendor name will print as DBA (Doing Business As) on the 1099 as:
     [Recipient's Tax ID Name]
     DBA [Name]
   • Example: The vendor name is "ABC Electric" and the Recipient's Tax ID Name is "John Doe". The form prints:
     John Doe
     DBA ABC Electric
8. If you don't have the Tax ID number, determine if you need to select the Second TIN Notice box. See information about the Second TIN Notice checkbox.
9. If you need to report amounts as Gross Proceeds Paid to An Attorney, mark the box. Select the form type 1099-MISC Rents/Gross Proceeds (versions 20.3 and newer). See information about setting up a vendor to report Gross Proceeds Paid To An Attorney.
10. Select the appropriate Form Type:
    • 1099-NEC Non-Employee Compensation to report non-employee compensation amounts
    • 1099-MISC Rents/Gross Proceeds to report rent income or to report Gross Proceeds Paid to an Attorney
    • 1099-INT to report interest income
    • 1099-DIV to report dividends
11. If the vendor elected to receive their 1099 electronically, mark the Electronic 1099 box. Enter the vendor's email address in the field beneath the check box.
    • Confirm you receive a completed Electronic 1099 Consent Form (per IRS requirements) from vendors who want to receive their 1099 electronically. Refer to Electronic 1099 Consent Form.
12. Click Save.
13. Repeat these steps for any additional vendors.
14. Click Close when finished.

Where can I find Year-End Procedures Guides (YEPG)?

If the 1099 check box wasn’t selected for a vendor, can I select it now to have them included when I process 1099s?

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