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This article documents how to setup and process 1099s for vendors. 

The 1099 form is a series of documents the IRS refers to as "Information Returns". There are a number of different 1099 forms that report various type of incomes.

ERP currently provides 1099-MISC (Independent contractor income), 1099-DIV (Dividends income) and 1099-INT (Interest income).

This article documents how to setup and process 1099s for vendors. 

1099 Box Setup

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ERP currently provided an up to date list of 1099 type boxes box types for 1099-MISC, 1099-DIV & 1099-INT.

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1. Navigate to Master > Payables > Vendor 1099 Box.
   
   
2. Click on the 1099 Box ID elipsis button.
   
   
   
   
   
   
3. Click on Retrieve button. 
   
   
   
   
   
   
4. The system will display a list of existing 1099 box Type IDs. Select the type of income that is appropriate for the vendor.
   
   
   
   
   
5. If you need to set up a new 1099 Type ID > Click Add.
   
   
6. Click Save.
   
   
7. Click Close.
   
   

From time to time, the IRS will add new box for new income types. To add new 1099 box:

1. Type in new 1099 Box ID > Specify 1099 box number > Set up Comment/Description for the new 1099 type ID.
   
   
   
   
   
   
2. Click Add.
   
   
3. Click Save.
   
   
4. Click Close.
   
   
   

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