Matching 1099-NEC totals to 2020 contractor payment totals
We are a non-profit organization preparing a 1099-NEC for an independent contractor for work performed in 2020. The final invoice was dated in December 2020, and we created a bill dated 12.31.2020. The payment was issued on 1.15.2021. The payment is matched to the bill, and appears in our 2020 total expenditures report and in our report of expenditures by vendor. However, when I run the 1099-NEC tool. The final payment is not included. Is this correct, or do I need to take another step to make sure that the 1099-NEC matches the vendor payment total for 2020?