The Validator1099 is the only solution built specifically for Microsoft Dynamics GP® that automates the process of validating TINs for expedited and accurate 1099 processing. The Validator1099 compares the relevant GP Vendor data with the IRS TIN Match Service. Whether your vendor provided an erroneous TIN, a false name, a bad address has moved, changed names or started-up under a new TIN – The Validator will catch the issue early and minimize, your risk of reporting bad information to the government.

Benefits of The Validator1099

• Automated TIN matching.
• Eliminate errors in the 1099 reporting process.
• No more waiting to know if the TIN’s filed were accurate.
• No more time spent manually tracking down inaccurate or erroneous details provided by vendors.
• No more fines from the government for incorrect 1099 data.
• Confidence that 1099's are filed with accurate data.

The Federal Government of the United States is still deciding if small businesses are required to file 1099s for all vendors paid more than $600 per year. If the current repeal does not go through, this will be coming in 2012. Since 1099s need to be filed, why not be prepared one way or another?

For some organizations the new rules may not make a big difference, but for others it could significantly impact their accounting team for a few weeks every year. At the end of the day, the task of 1099 validation is simply another process that Dynamics GP users need to go through.

The preverbal panic-button has been pushed, essentially because your potential risk is increasing. The more inaccurate information you have, the more it is going to cost from a government fining perspective.

With The Validator1099 from Reporting-Central, the new requirement can easily be handled, while having minimal impact to your 1099 processing and reporting. The end result is the complete streamlining of a process that has traditionally taken a significant amount of time and created an unnecessary work load.

The Reporting-Central mantra continues – save time, save money, make your life easier!