Handling 1099s for your Sage 300 2023 data

Sage 300 1099 Process and Options for 2023

Gathering your 1099 data for year 2023 should be a straightforward process this year. Please let the DataQuest team help make sure this is a smooth process for you.

Here are the recommended steps and how to execute them:

Step 1: Audit

It is critical to audit the data before you submit it to the IRS. For example, you may have vendors whose 1099 eligibility wasn’t noted prior to recording 1099 transactions. Or, there could be checks that your organization wrote to a 1099 vendor that were later reversed. It is important to catch this information so that it can be corrected.

DataQuest has an audit report that we can run against your data. There is no “canned” report that Sage produces that will present this same data to you. If you already own the SQL Catalog, we can also help you leverage that to view the audit data.

Step 2: Make Corrections

DataQuest can help you make any corrections to the 1099 amounts assigned to each vendor. This is a straightforward process that will ensure that the final amounts your organization submits to the IRS are all correct.

Step 3: Produce the 1099

The 1099 no longer prints directly in Sage 300. A third party application called Aatrix launched directly from Sage will guide you through the process of printing and e-filing your 1099s. No additional software is required.

Aatrix has a step-by-step wizard to print and e-file your 1099s and is very easy to use. You can find more information on Aatrix www.aatrix.com/efile/1099.

You will need to ensure that your Sage 300 application is updated to the latest product update in order to take advantage of these benefits. For example:

• for v2023, use product update 1
• for v2022, use product update 4

Next Steps

Please reach out to us so we can help you through your 1099 process before the filing deadlines.