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Navigate to Master > Payables > Vendor.
- Select your Vendor > Click OK.
- Check the 1099 Vendor check box.
- Check the Payee's Account Number (1099) if ...
- Select the Default 1099 Type - MISC, DIV or INT. Eventhough this 1099 type is set to default, it can be changed at the vendor's voucher level.
- Select the Default 1099 Box - default 1099 type of income for the vendor. Again, this 1099 box is set to default, but it can always be changed at the vendor's voucher level.
- Click Save
- Click Close
1099 info on
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Vendor Voucher
When you create a new voucher, if the vendor is set up for 1099, these information will be automatically default from the vendor's master.
You can exclude this voucher from all the 1099 reporting by unchecking the 1099 box.
The 1099 Type and 1099 Box can be changed by clicking inside the selection area, a list of options will be displayed.
1099 Reports
1099 Forms
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