Interesting that the release notes for v2018 PU9 and v2020 mention the change below for accounts payable but the v2019 PU3 omits any mention of it. It appears the code changes are part of the update though.
New in Product Update 91. Enhancement: The IRS 2020 Form 1099-NEC (Nonemployee Comp) is now available to select in the following Accounts Payable locations:
- Vendor Maintenance - Default Form field on Additional tab
- 1099 Payment History window - 1099 Form Type field
- A/P Invoice Data Entry - (1099 Payment) Form field on the Header tab
- Manual Check and Payment Entry - 1099 Form field on the Lines tab
If you've already recorded nonemployee compensation for tax year 2020 in 1099-MISC form Box 7, a utility is available to move the totals to 1099-NEC form Box 1.
For more information see AP_Update1099s_utl.pdf in the ..\mas90\utility folder on the Sage 100 Server or contact Sage Support.
Anyone know what 1099-NEC is all about? I am behind in my IRS readings.
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Jeff Schwenk
FORMER 90M Board Member
Bottomline Software, Inc.
Waynesboro VA
540-221-4444
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