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Voiding a check and reissuing over tax years - 1099 question

Posted By ASchechter over 8 years ago

Hi, we have a check that was issued in 2014 for an independent contractor. The contractor did not cash the check within 180 days and it was voided by our bank. He is now coming back to us for re-issuance. The income was displayed in his 1099 for 2014. Does anyone know what happens when we void and re-issue the check in 2015. Does Sage 100 understand it was 2014 income or will it consider it 2015 and we will have to manually adjust. Thanks for your help.

0 GerriV over 8 years ago

By voiding and reissuing the check in 2015, it will be a wash in the General Ledger and there will be no 2015 earnings to report.
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0 jnelsonut over 8 years ago in reply to GerriV

What you would need to do is reverse the check and answer yes to recall original invoice.

Next go into invoice data entry and put in that invoice number, it will say it already exists, choose adjust.

On the header of the invoice data entry screen, select none on the 1099 option. Update and reissue the check.

That's how I would handle it, others might have a better suggestion.

Joe
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Sage 100

Voiding a check and reissuing over tax years - 1099 question

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