We have a client with a financial year that begins in November. The 1099 reports in Acumatica pull data based on that Financial Year. The 1099 DACs only track the financial year, not transaction dates that I could potentially add in Report Writer. Has anyone run into this issue and how it might be solved?
Answer
How to print 1099 for Vendors when the Financial Year in Acumatica is not the same as the Tax Year
Best answer by mblassingame35
The 1099s are reported to the IRS for Jan - Dec no matter the fiscal year in Acumatica. Same as W-2s. Acumatica pulls the data based on the calendar year not fiscal year.
+3The 1099s are reported to the IRS for Jan - Dec no matter the fiscal year in Acumatica. Same as W-2s. Acumatica pulls the data based on the calendar year not fiscal year.
Melissa Blassingame
Wonderful! Thank you Melisa for confirming!
Jenni Grotte, Consultant, HOOPS, Inc
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.