When should I use the Recalculate 1099 Totals in Accounts Payable?
Description
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Resolution
[BCB:1:Backup warning:ECB]

You can use the Recalculate 1099 Totals tool in Accounts Payable in the following situations:

  • The 1099 year was not closed at the proper time. For example, the 1099 year was still in 2021 when 2023 payments were posted. As a result, the 2023 amounts were accumulated into the Next Year total combining with the 2022 amounts. Refer to article DocLink: My 1099 totals are incorrect in Accounts Payable.
  • Retain 1099 totals per GL prefix was not selected in AP Settings and you need to issue 1099s by GL prefix or fiscal entity. Refer to article How can I get 1099 totals by prefix amount correct if Retain 1099 totals per GL prefix was not selected in Accounts Payable?
  • An abort occurred during the closing of the 1099 year and you are not able to restore to a backup.

For instructions on how to use the tool, refer to article DocLink: How do I use the Accounts Payable Recalculate 1099 Totals tool to correct 1099 amounts?

DocLink: Recalculate 1099 totals freezes in Accounts Payable
DocLink: How do I use the Accounts Payable Recalculate 1099 Totals tool to correct 1099 amounts?

[BCB:156:Chat 300 CRE US:ECB]
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