As you prepare to generate and process 1099 forms from Microsoft Dynamics GP here’s a tip to save you some time. In Dynamics GP there is a Smartlist set up with all the vendors who have a 1099 Type selected on their vendor card. This Smartlist shows the Vendor ID, Vendor Name, and 1099 Type.
To pull a Smartlist of 1099 vendors, select the Smartlist Icon, or the “Microsoft Dynamics GP” drop-down and Select Smartlist.
Select Purchasing>Vendors>1099 Vendors. This list is set up to search 1099 Type is not equal to “Not a 1099 Vendor”.
If a company or contractor is supposed to be listed as a 1099 vendor but is not set up as a 1099 vendor it will not show up on this list.
To change the 1099 status of a vendor select Purchasing>Cards>Vendor>Select vendor ID>Options>Tax Type>1099 Box.