Discussions
Stay up-to-date with the latest news from NetSuite. You’ll be in the know about how to connect with peers and take your business to new heights at our virtual, in-person, on demand events, and much more.
New AI Community Guidelines. Please review and follow them to ensure AI use stays safe, accurate, and compliant.
Keep an eye out for upcoming NetSuite events, including meetups, workshops, and webinars. These sessions are a great way to connect with peers, learn from experts, and stay current on the latest NetSuite updates and best practices. Registration links are provided in each event.
Save $300 - limited to first 1,000 registrants
Join the NetSuite community to innovate, connect, and discover what’s next.
SuiteWorld brings thousands of innovators, builders, and leaders together to learn, connect, and shape what’s next. This October, explore how to build a stronger foundation for growth through inspiring keynotes, major product reveals, hands-on sessions, and unforgettable moments—all in one place for our biggest event of the year. Register now
Join the NetSuite community to innovate, connect, and discover what’s next.
SuiteWorld brings thousands of innovators, builders, and leaders together to learn, connect, and shape what’s next. This October, explore how to build a stronger foundation for growth through inspiring keynotes, major product reveals, hands-on sessions, and unforgettable moments—all in one place for our biggest event of the year. Register now
NS 1099-MISC Boxes have been WRONG since 2021
I am preparing for 1099 season. I assume that NetSuite is up-to-date and always current. After all that is why a SAAS software is the used - to eliminate the need for manual updates.
When setting up some accounts to match 1099 categories I noticed that the BOX designations in NetSuite are wrong.
BOX 9 should be CROP Insurance Proceeds.
BOX 10 should be Gross proceeds paid to an attorney.
I have also noted that for the SOVOS 1099 reporting program to work, BOTH the Vendor and the ACCOUNT must be marked as 1099 eligible.
However this ignores the fact that ATTORNEY FEES can be both Legal Expense and Payments for a SETTLEMENT.
0