MIP TRICK OF THE MONTH

Adding 1099 Vendor Adjustments

Did you find a vendor in MIP that should have been flagged as 1099able, but was not?

You can check the box at year end, but that will not accumulate the transaction amounts and pull them into the 1099 grid. 

The MIP solution is simple!

Use standard reporting to determine the correct amount to apply for the vendor and enter it as a vendor adjustment at the bottom of the 1099 Information Tab in the Vendor record.