Showing posts from January, 2022

The list of 1099 form boxes is not up to date. Update: 2021 Microsoft Dynamics 365 Business Central

Every year you need to update the 1099 form boxes in Microsoft Dynamics 365 Business Central. This year I ran into something interesting. When I tried to schedule the update, nothing happened, and I was left scratching my head as to why. I was able to figure out the issue so sharing with you all in case you run into the same thing. My current Microsoft Dynamics 365 Business Central version is 19.2.32968.33437 1099 Form Boxes I first started in the 1099 Form Boxes window, where I was being told the following: The list of 1099 form boxes is not up to date. Update: 2021. Schedule an update of the form boxes. I immediately click on the link to schedule the update and to my surprise the Job Queue Entry Card was blank. Below on the left is what I was seeing vs the right what I should be seeing. I got to thinking, I just tested this process the other week in my Sandbox environment and it worked so the only difference is that this is my Production environment, and I would've had to schedul

Processing 1099's in Business Central v19.2 for 2021

Processing 1099's in Business Central v19.2 If you're not on v19.2 yet, then you may run into issues printing 2021 1099's. See my previous blog on this information. Processing 1099's is pretty easy in Microsoft 365 Business Central. Here are a few pointers: Verify the vendor Name and Address on the vendor card. This is what's going to print on the 1099. Verify vendor IRS 1099 Code and Federal ID No. on the vendor card. Verify that the transactions that should've been coded as a 1099 transaction are. To do this review within the Vendor Ledger Entries window, where you can "Edit List" and update if needed. Search (aka Tell me what you want to do) for 1099 and select 'Vendor 1099 Nec 2021' report.  Calendar Year = 2021 and I always recommend a test print first to make sure everything lines up on the IRS form.  Once you've tested and everything lines up then you can remove the test print toggle and print.  Remember there are other tools to revi

Processing 2021 1099's in Dynamics 365 Business Central update

Every January accountants and CPA's start thinking about 1099's and the deadline is February 1, 2022, per the IRS website .  If you're on Microsoft Dynamics 365 Business Central version 19.1 then you'll have to wait until your environment is updated to version 19.2 to have the tax form updates within the system. If you're not sure what version you're on, then you can check via the Dynamics 365 Business Central admin center or within Business Central's help and support as well.  Those set up as the Notification Recipients should've received an email like below letting them know the update is coming. This email also lets them know if Microsoft has detected any issues, like an extension that isn't compatible with the new version. If there are issue detected, then they must be resolved prior to the update happening otherwise it won't happen.  You can find information on processing 1099's in BC here. Written by: Kristen Hosman, Microsoft MVP