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    1. Specify the TIN type on the "SSN/EIN" field on the vendor record in VENSCN.

    Tip

    You can run the F1099 program saying NO to create the tape submission file and review the F1099 report for TIN Type errors. Errors are listed UNDER the vendor.

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    2. Check 1099 data

    with datatrieve

    via the VENSSN report

    VENSSN

    and look at 1099 vendors.

Tip

If the vendor uses a different name for 1099 reporting, enter the 1099 reportable name on the 2nd name field on the vendor record. Enter the digits 1099:followed by the IRS 1099 name.

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MENU>VENSSN

    • Make sure to check that all vendors flagged to receive 1099's are ACCURATE (vendor name, address, 1099 type is valid/legal, and social security or tax ID number). Use the following options:
      •  VENSSN/Option 6: 1099-MISC Vendors Only (Regardless of YTD Activity)
      •  VENSSN/Option 4: 1099-MISC Vendors and YTD Activity > %99.99meeting IRS requirement
    • In Order to check for Vendors that have not been flagged, use the following option:
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        VENSSN/Option 5: NOT 1099-MISC Vendors and YTD Activity > $599.99

        Tip

        If the vendor uses a different name for 1099 reporting, enter the 1099 reportable name on the 2nd name field on the vendor record. Enter the digits 1099:followed by the IRS 1099 name.

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Month End Closing

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    3. Enter all transactions for the current month

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