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

1099 Box Setup

This 1099 Box will indicate which type of 1099 form and which type of income the vendor is setup for.

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1. The report can be run in Summary or Detail mode. In detail mode, it will show all vouchers details transactions. One line per voucher.
   
   
2. Select which 1099 type to print or you can select All 1099 Form Types.
   
   
   
   
   
   
3. You have to select a company because this report is running by company. Each company has its own unique Federal Identification Number. 
   
   
   
   
   
   

4.  Select a Division or select All.

    

5. Select a Vendor Type or select All.

   
   

6. Select a Vendor or select All.

   
   

7. If you want the vendor address to display on the report, please check this check the "Vendor Address Display on Report" box.

   
   

8. By default, the report will bypass vouchers that are less than $600.00. If you want to include vouchers that are less than $600.00, please check this check the "Bypass $600.00 Minimum" box.

   
   

   
   

   
   

9. Select a Start Pay Date and End Pay Date, then click Show Report button.

   
   

   
   

   
   

    

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When your 1099 report is all in balance. You can run your 1099 forms. 

Navigate to Payables > Reports > 1099 Forms.

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1. Select 1099 Type - Div, Int or Misc.
   
   
   
   
   
   
2. Select Forms that you want to print by check or un-check the boxes. You can print all forms or just the forms that you need.
   
   . Copy A = Internal Revenue Service Center.
   
   . Copy B = Recipient.
   
   . Copy C = Payer.
   
   . Copy 1 = State Tax Department.
   
   . Copy 2 = to be filed with recipient's state income tax return, when required.
   
   
   
   
   
   
3. Select the company that you want to process 1099 forms.
   
   
4. Fill in the name of the contact person in case there is any issues or questions for the 1099 forms from the IRS.
   
   
5. Fill in the contact person's phone number.
   
   
6. Fill in the contact person's email address.
   
   
7. A valid Federal Identification Number is required.
   
   
8. You don't have to have a State Identification Number to run the 1099 forms.
   
   
9. Check on the Bypass $600.00 Minimum if you want to include vouchers that are less than $600.00.
   
   
10. Select the Start Pay Date and End Pay Date
    
    
11. Click on the Show Report.
    
    
12. If everything is correct, you can print these forms. These forms can be printed as many time as you need.
    
    
    
    
    
    
    
    

1099 Electronic Files

We usually would suggest that you should wait to make sure that there are no issues with any of the 1099 forms. Sometimes the vendors have issues with the 1099 forms and will bring them back. You will then need to correct the issues and re-print the 1099 forms for the vendors.

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