AP 1099 Processing Form
Use the AP 1099 Processing form to maintain 1099 totals by vendor, calendar year, and 1099 type in preparation for processing via Aatrix.
Edit 1099 totals manually
Correct 1099 information
Manually update 1099 information on vendors for invoices paid prior to going live on the system.
Although 1099 amounts are normally accumulated to the 1099 Type and Box # specified for each vendor in the AP Vendors form, you can accumulate 1099 amounts to whatever 1099 Type and Box # is appropriate for each transaction by overriding 1099 defaults during transaction entry in the AP Transaction Entry and/or AP Recurring Invoices forms.
The description/label for each field on this form changes depending on the 1099 type selected.
If you need to edit 1099 information for transactions, you can do so in the originating transaction entry form, as long as the invoice has not been paid and the month is still open. However, once payment has been made, and/or the month is closed, any changes to the 1099 information must be made in the AP 1099 Edit Transactions Form. You can access AP 1099 Edit Transactions from this form by selecting AP 1099 Edit Transactions Form.. For more information, see
Printing and Filing 1099s
All 1099s must be printed and filed using Aatrix. When you are ready to run 1099s, select Launch Aatrix to open the Aatrix application and continue processing your 1099s. For more information, see AP 1099 Aatrix Print and eFile Form.to access the AP 1099 Download form. Once you enter the appropriate information, click
If you need to make corrections after you have already submitted your 1099s, you must do so directly in Aatrix. For more information, see Make Corrections to Regulatory Filings via Aatrix.
As of January 2021, the IRS no longer accepts 1099-MISC forms for reporting non-employee compensation (Box 7). Instead, the IRS is requiring the new form 1099-NEC (Box 1).
For proper tracking, you must assign the NEC type (defined in AP 1099 Types) to applicable transactions during entry in AP Transaction Entry or via the AP 1099 Edit Transactions form. You can also assign the NEC type to vendors in the AP Vendors form to ensure the NEC type defaults for all new transactions.