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Expect Sage 100 1099-NEC Functionality in Purchase Order With These Updates In Spring 2021

January 18, 2021 by Wayne Schulz

For the 2020 tax year, the IRS introduced a new 1099-NEC form. This new form replaces the 1099-MISC for reporting non-employee compensation.

Sage has incorporated this update into accounts payable provided you are using the most recent versions.

What has been missing is the ability to set 1099-NEC boxes in the Purchase Order Module. Initially Sage indicated that this functionality would be added in a future release.

Recently Sage provided guidance on how they would add 1099-NEC functionality for those who rely on purchase orders.

The following Sage 100 versions will receive an update adding 1099-NEC functionality to purchase orders (Estimated release – Spring 2021 ):

Sage 100 2021
Sage 100 2020 Update 2
Sage 100 2019 Update 5

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Filed Under: Sage 100 ERP, sage 100cloud

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About Wayne Schulz

Wayne Schulz is a Sage 100 Consultant located in Connecticut. He has worked with Sage 100 since 1986 and provides advanced support to companies located throughout the United States. If you are experiencing an issue with Sage 100 and would like to schedule a support session - please request assistance here or call 860-657-8544.

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