--- title: Sage 300 and the New 1099 Forms description: The IRS has introduced the new Form 1099-NEC. Sage has updated their programs to work with the new forms.  Here’s what you need to know. image: https://www.equationtech.us/hubfs/IRS+form+1099-NEC.jpg --- [866.436.3530](tel:+8664363530) | [** Customer Portal Login](https://na.myconnectwise.net/support/index.htm?Company=equationtech) [Speak With an Expert](https://www.equationtech.us/speak-with-an-expert) [![Equation Technologies - Sage Business Partner | San Diego](https://www.equationtech.us/hs-fs/hubfs/Redesign_Images/logo.png?width=230&name=logo.png "Equation Technologies - Sage Business Partner | San Diego")](https://www.equationtech.us/) - [Sage Services](https://www.equationtech.us/sage-services) - Products We Support - [Sage 300](https://www.equationtech.us/sage-services/sage-300-cloud) - [Sage Intacct](https://www.equationtech.us/sage-services/sage-intacct/) - [Sage CRM](https://www.equationtech.us/sage-services/sage-crm) - [Sage Payroll](https://www.equationtech.us/sage-services/sage-payroll) - [Sage HCM](https://www.equationtech.us/sage-services/sage-hcm-software) - [Sage FAS](https://www.equationtech.us/sage-services/fixed-assets) - [Sage Intelligence](https://www.equationtech.us/sage-services/sage-intelligence) - [Sage Enterprise Intelligence](https://www.equationtech.us/sage-services/sage-enterprise) - Services We Offer - [Software Selection](https://www.equationtech.us/software-solution-selection) - [Implementation](https://www.equationtech.us/sage-services/erp-implementation) - [Customization](https://www.equationtech.us/sage-services/customization) - [Support](https://www.equationtech.us/sage-services/support) - [Training](https://www.equationtech.us/sage-services/sage-training) - [Sage Cloud](https://www.equationtech.us/sage-services/hosting) - [Upgrades](https://www.equationtech.us/sage-services/upgrades) - [Extend Sage](https://www.equationtech.us/sage-integrations) - [Magento eCommerce](https://www.equationtech.us/sage-integrations#magento) - [ADP](https://www.equationtech.us/en/sage-300-sage-intacct-payroll-powered-by-adp) - [Aloha POS](https://www.equationtech.us/sage-integrations#aloha) - [Salesforce](https://www.equationtech.us/sage-integrations#salesforce) - [TimeClockPlus](https://www.equationtech.us/timeclockplus) - [Other Solutions](https://www.equationtech.us/other-solutions) - Industries - [Distribution](https://www.equationtech.us/distribution-management-software-solution) - [Education Nonprofit](https://www.equationtech.us/education-nonprofit-accounting-software) - [Financial Services](https://www.equationtech.us/financial-services-software) - [Franchise](https://www.equationtech.us/franchise-management-software) - [Healthcare](https://www.equationtech.us/healthcare-finance-software) - [Hospitality](https://www.equationtech.us/hotel-restaurant-accounting-software-solutions) - [Metal Processors & Distributors](https://www.equationtech.us/erp-for-metal-industry-businesses) - [Nonprofit](https://www.equationtech.us/nonprofit-accounting-software) - [Professional Services](https://www.equationtech.us/professional-services-software) - [SaaS & Technology](https://www.equationtech.us/erp-software-for-technology) - [Resources](https://www.equationtech.us/sage-software-resource-library) - [Technology Blog](https://www.equationtech.us/technology-blog) - [Training](https://www.equationtech.us/sage-services/sage-training) - [Online Videos](https://www.equationtech.us/sage-300-erp-accpac-tutorial) - [Case Studies](https://www.equationtech.us/case-studies) - [About](https://www.equationtech.us/about-us) - [Meet The Team](https://www.equationtech.us/management-team) - [Partners](https://www.equationtech.us/partners) - [Careers](https://www.equationtech.us/careers) - [Contact](https://www.equationtech.us/contact) This is a search field with an auto-suggest feature attached. - There are no suggestions because the search field is empty. # Sage 300 and the New 1099 Forms ![technology blog](https://www.equationtech.us/hubfs/IRS+form+1099-NEC.jpg) **twitter **linkedin **facebook ## **Sage 300 and the New 1099 Forms** The IRS has introduced the new Form 1099-NEC for reporting independent contractor income, non-employee compensation.  The Form 1099-MISC is still in use, but only to report miscellaneous income and excluding non-employee compensation.  Sage has updated their programs to work with the new 1099-NEC forms.  Here’s what you need to know: 1. Update your Sage 300 (Accpac) system to the latest product update. - Version 2021 – Product update 1 - Version 2020 – Product update 4 - Version 2019 – Product update 7 - Version 2018 or older - contact Equation ([support@equationtech.us](mailto:support@equationtech.us)) for a custom 1099-NEC form 2. Once your product update has been installed, go to AP Setup, 1099 / CPRS Codes: ![Sage 300 1099 Codes](https://www.equationtech.us/hs-fs/hubfs/1099_1.png?width=949&name=1099_1.png) Enter your current 1099 code, and fill in the two new fields Tax Reporting Type and Amount Type.  Make sure to do this step for all of your 1099 codes. 3. When you are ready to print your 1099s, go to AP Vendor Reports, Print 1099/1096 Forms. ![Sage 300 1099 forms](https://www.equationtech.us/hs-fs/hubfs/1099_2.png?width=704&name=1099_2.png) Select the Form 1099 and then enter the tax year 2020.  When you enter the Form Type 1099-NEC, Sage automatically populates the Use Form field to be AP 1099NEC-2020.RPT.  This is the new specification file that works with the new IRS forms.  When you change the Form Type to 1099-MISC the Use Form field updates to the new AP 1099MISC-2020.RPT form.  Also note that the form types are sensitive to the tax year – if you enter 2019 for the tax year, you cannot select a Form Type 1099-NEC.  When you try to print, Sage will pop up with an error that says “Form 1099-NEC is not valid for the year 2019.” 4. Sage has the ability to e-file 1099s. Go to AP Periodic Processing / 1099 Electronic Filing.  Sage will create the file and then you can upload it to the IRS site with your FIRE account. Click here for information on FIRE accounts:  [https://www.irs.gov/e-file-providers/filing-information-returns-electronically-fire](https://www.irs.gov/e-file-providers/filing-information-returns-electronically-fire) ## **HOW TO EDIT 1099 VENDOR CODES OR AMOUNTS** At some point during year end processing, you may discover that the 1099 codes or amounts you’ve recorded for a vendor need to be edited or adjusted. ### **To Change a 1099 Code:** 1. Go to **A/P Vendors **and select** Vendors** 2. Select the vendor with the issue 3. Click on the **Invoicing **tab 4. Choose the ***correct*** 1099 code 5. Click on **Save **and then **Close** ### **To Allow Editing of 1099 Amounts:** 1. Go to **A/P Set Up** and select **Options** 2. Select **Transactions** Tab 3. Check of **Allow Edit of 1099/CPRS Amounts** 4. Click **Save** and then **Close**  ### **To Update a Vendor’s 1099 Amount:** 1. Go to **A/P Vendors** and choose **A/P 1099/CPRS Inquiry** 2. Filter to **Vendor(s)** 3. Filter to the incorrect 1099 Code 4. Click on the double arrows (**Go option**) 5. Note the information for all entries listed 6. Filter to the correct **1099 Code** 7. Click on the double arrows (**Go option**) 8. Press the **Insert key** to add a new line 9. Enter the appropriate information for the detail line 10. Repeat the previous 2 steps for each detail line 11. Filter to the incorrect 1099 Code 12. Click on the double arrows (**Go option**) 13. Press the **Delete **key to remove the incorrect detail lines individually [Contact us](https://www.equationtech.us/contact) if you have questions or would like assistance with your year end processing. ### Related Articles ##### [Sage 300 & Windows 10 End of Life: What You Need to Know](https://www.equationtech.us/sage-accpac-blog/sage-300-windows-10-end-of-life-what-you-need-to-know) There’s been a lot of conversation lately around Windows 10 end of life and what that means for... ##### [From Start-Up to Quarter Billion – How Sage 300 Scaled Success](https://www.equationtech.us/sage-accpac-blog/from-start-up-to-quarter-billion-how-sage-300-scaled-success) We also have a [video version](https://drive.google.com/file/d/1ssdM9iHt6Wz86A-VDvAER03NdXkAodg9/view?usp=sharing) of this article, where you can hear directly from one of our ERP... ##### [How to Simplify Payroll and Job Costing with Sage 300](https://www.equationtech.us/sage-accpac-blog/how-to-simplify-payroll-and-job-costing-with-sage-300) Getting payroll to play nice with your job costing system is like fitting a square peg into a round... ## Need Help Now? 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