When should I use the Recalculate 1099 Totals in Accounts Payable?
Description
Cause
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.