Subject to 1099 Reporting

The Subject to 1099 Reporting check box on the AP Vendors form, Add'l Info tab.

This field's title changes based on the Default Country setting in HQ Company Setup. Click the links below for more information.

This check box defaults as selected for all new vendors.

Select this check box if payable transactions for this vendor are subject to 1099 reporting. If selected, the '1099' fields are enabled during transaction entry (AP Transaction Entry, AP Recurring Invoices, and AP Unapproved Invoice Entry) and will default the information set up here. You may override this setting during transaction entry.

Do not select this check box if payable transactions for this vendor are not normally subject to 1099 reporting. All transactions posted to this vendor are automatically flagged as not subject to 1099 reporting, and no 1099 totals are accumulated. You may override this setting during transaction entry.

Note: If you are unsure as to whether a vendor is subject to 1099 reporting, it is best to set this flag to Y (selected). This ensures that all transactions posted to this vendor are automatically flagged to be included in the vendor's 1099 totals. If you later learn that this vendor is not subject to 1099 reporting, you can change this flag to N (unselected), and no 1099 will print. You do not need to change any transactions. They will show on the "AP 1099 Report", but will include a message stating that 'transactions subject to 1099 report exist, but no 1099 form will print'.