The goal of this article is to resolve the issue in the 1099 MISC and NEC Report generator when an incorrect Calendar Year appears in the drop-down menu.
Identify the Issue
The Calendar Year Drop-down will only go one year past the current accounting period. For example, if the accounting period is 2023, you will not see the option to issue 2026 1099s until you are in at least the 2024 accounting period.
New ParishSOFT Accounting Client
- If you are new to ParishSOFT Accounting and the current period was set back to a period before the transactions you are currently entering and reconciling, you will need to close the period(s).
- Note that the period is set so early in case you need to add historical records.
Existing ParishSOFT Accounting Client
- When you are not new to ParishSOFT Accounting and/or you have been adding transactions for a period, you will want to follow the End of Month Processing Guidelines and then close the period.
- The End of Month Processing Guidelines provide excellent details on performing end-of-period processing.
Steps to Resolution
If you are not seeing the correct year in the Calendar Year dropdown, resolve this issue by incrementing your accounting year to the next month.
Close the Period
- Navigate to Ledger and Payables > Process.
- From the End of Period Processing drop-down menu, select End of Month.
- A page stating the current month appears.
- When you click Submit, this will increment to the next month.
Important: When you are in the last period of the fiscal year, you will not close that month but instead, select the option to close the year.
Updated