Field Description - 1099 Eligibility Option

The 1099 Eligibility Option indicates if a vendor is eligible for 1099 Form reporting.  If eligible, the option specifies which 1099 Code is the default value for the vendor during Invoice Entry.

Options:

• 00 - Not Eligible:  The vendor is not eligible for 1099 reporting.

• 1099 Codes 01 - 10:  The vendor is eligible for 1099 reporting.  Click a 1099 Code in the list to serve as the default code during Invoice Entry, where it can be overridden.
  Tip:  This 1099 Code only serves as a default.  You can still use multiple 1099 Codes for a vendor if necessary.

Where-Maintained:  Vendor Master Maintenance

Where-Used:  Invoice Entry

Format:  predefined