By: Jennifer Ryan – Dynamics GP Senior Consultant

The Dynamics GP 2020 Year End Update has been released and there are many enhancements and features to be rolled out to GP2018 and (some for) GP2016.

The following updates will be rolled back to GP2016:

• Non-Employee Compensation Form 1099-NEC
• Add DBA Name Field on Vendor Maintenance Window for 1099 Vendors
• Form 1099-MISC Updates

The IRS has moved Non-Employee Compensation to the 1099-NEC form and revised the 1099-MISC form.  The GP 2020 Year End update will make the appropriate fields available on the Vendor Cards and entry screens, as well as the updates to the forms.

This update will apply to GP2018 and GP2016.

Please see the following links for more information:

Microsoft U.S. 2020 Year-End Update in Dynamics GP

Microsoft Dynamics GP 2020 New Feature Blog

Non-Employee Compensation (NEC) for 1099 Form

For further assistance, please call us at 562.988.3451 or send us an email support@BondConsultingServices.com!