Starting in 2020, IRS forms have been changed for 1099s and vendor/contractors. Non-employee compensation has been removed from Box 7 on the -MISC to its own form: the 1099-NEC. This results in changes to Dynamics GP year-end procedure.
With the 1099-Xport tool, you can quickly and easily export your 1099-NEC and 1099-MISC data into the proper format for your e-filing software.
This tool installs in minutes, connecting to your GP database and exporting exactly the information you need in seconds. Then simply use your e-filing software to file your forms.