I wanted to reach out to the community and US based users to see if anyone has a solution for issuing 1099s through ERPNext. In the US, businesses are required to report payments made to any companies (suppliers/vendors) for services which exceed $600.00 during the year. This form is called the 1099-Misc and they are due to be filed around this time each year as we enter tax season.
This reporting procedure is often time consuming to prepare in some cases since some types of trade is exempt and you need to look at all payment entries for the previous 12 months. I wondering if anyone has come up with a way to streamline this process with ERPNext? This would be a valuable feature in my opinion for those companies who use this wonderful business platform in the US.