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 1099 software of choice to file your forms.