Verify 1099 Payments

Use the Form 1099 Verification utility after you generate a work file and before you print 1099 forms for your vendors. This utility looks for discrepancies in your 1099 data.

The utility examines data for all vendors whose data matches all of the criteria for sending a 1099 form. It generates a report for each vendor that meets these conditions:

• There is a difference between the amount you paid to the vendor and the amount shown in the Paid Last Year field on the Accounting tab of the vendor's Info Center record.
• A minimum of one payment was processed for the vendor during the calendar year that you specify, whether or not the vendor's Paid Last Year data is zero.

If your firm uses the Deltek First Vision Essentials cloud version of Vision, the Print option is not available. You can preview reports onscreen and then print the reports from the Preview window.

To use the 1099 Amount Verification utility, complete the following steps:

1. From the Vision Navigation menu, click Accounting > Accounts Payable > Form 1099 Processing.
2. Click Verify Payments.
3. On the Form 1099 Verify dialog box, specify the following information:

   Option	Description
   Year	Use the drop-down field to enter the calendar year for which to compare actual payments to vendors to the Paid Last Year amounts.
   Sort by	Choose to sort the report data by Vendor Number or Vendor Name.

4. Click Print or Print Preview to generate a list of vendors whose 1099 data has discrepancies.
5. Optional. Modify the amounts in the Paid Last Year field on the Accounting tab of the Vendor Info Center.