1099 Toolkit for Microsoft Dynamics NAV and Business Central

Frustrated that Microsoft Dynamics NAV and Business Central contains the data needed for 1099 processing, but lacks the capabilities to prepare and print the necessary forms?

Special Note: For the tax reporting year 2020 the government now requires the 1099 NEC be used for reporting Non-Employee Compensation – formerly reported on the 1099 MISC in Box 07.   A “Regulatory Update” added this change.  All users of the Cloud version of Business Central are automatically updated.  On Prem users need to make sure they are current.  The 1099 Toolkit updates user’s with or without the Microsoft  update.

The 1099 Toolkit, a Dynamics NAV add-in, is the only tool available that allows you to prepare and print the 1099 forms right from Dynamics NAV and without the time-consuming manual preparation. Its new capabilities also make transitioning to the new 1099 NEC form quick and simple. 

The toolkit is a must for any organization who has a number of 1099's to process during the hectic month of January. 

Save time and streamline your process with simple reports and tools, allowing you to view and edit key 1099 data in one spot, then quickly print and upload your 1099 documents.

Ensure accurate reporting through issues reports and dashboards that allow you to review and correct federal IDs, 1099 codes, and reportable invoice amounts.

Address new 1099 NEC reporting requirements with capabilities to quickly update expired codes and accurately print the new forms.

KEY CAPABILITIES

• Automatically identify and correct vendor Federal ID issues
• Review all reportable 1099 information in one view and easily make corrections right on the spot
• Preview all 1099 information by vendor before printing
• Print and upload 1099s to the FIRE portal from Dynamics NAV
• Print 1096s - not in Business Central. 
• New features make transitioning to and managing new 1099 NEC reporting requirements simple and easy