This update is used prior to printing 1099-MISC/NEC forms to collect necessary information from throughout the software. It must be run prior to the Vendor History Purge for 1099-MISC/NEC forms to be accurate.

To support tax law guidelines requiring companies to omit payments made by a "third party network" (for example, credit card processor) from this form, the Build 1099-MISC/NEC Forms exclude payments made from Cash Management credit card accounts and any payments made via Comdata. The Vendor 1099 report also excludes these payments.