Includes the 1099 NEC reporting and FIRE portal upload IRS requirements not included in Business Central
Languages: English | Countries: USA
Frustrated that Microsoft Dynamics 365 Business Central contains the data needed for 1099 processing, but lacks the capabilities to prepare and print the necessary forms?
Special Note: In 2020 the government now requires 1099 NEC (Non-Employee Compensation) form, replacing the 1099 MISC-07 field on the previous year forms. Since the new IRS form doesn't exist in NAV or Business Central, it isn't possible to print non-employee compensation 1099s. Additionally, Microsoft Dynamics 365 Business Central, without this 1099 Toolkit, lacks the capabilities to code payments for NEC.
The 1099 Toolkit, a Business Central add-in, is the only tool available that allows you to prepare and print the 1099 forms right from Business Central and without the time-consuming manual preparation. Its new capabilities also make transitioning to the new 1099 NEC form quick and simple.
The toolkit is a must for any organization who has a number of 1099's to process during the hectic month of January.
Save time and streamline your process with simple reports and tools, allowing you to view and edit key 1099 data in one spot, then quickly print and upload your 1099 documents.
Ensure accurate reporting through issues reports and dashboards that allow you to review and correct federal IDs, 1099 codes, and reportable invoice amounts.
Address new 1099 NEC reporting requirements with capabilities to quickly update expired codes and accurately print the new forms.