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1099's Not Reporting Voided Checks Correctly
NetSuite's 1099 'report' is mis-calculating voided checks. The current report logic is that if a check was voided at any time, it should not be included in the 1099 total for that vendor. This causes two problems, as the scenarios below illustrate.
Case 1: Check paid in September 2009, lost, then subsequently voided and recut in March 2010. The check is valid when the 1099 report is run in January 2010, so the check is included in the 1099 total for 2009. When the 1099 report is run the following year in January 2011, the recut check is included in the 1099 total for 2010. Thus, the 1099 is double-reporting the check (in both 2009 and 2010). :eek:
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