Field Description - Use 1099 File Option
The Use 1099 File Option specifies the source of the amounts printed on the 1099 forms.
Options:
To print
the Vendor Payment Amount YTD
from the Vendor
1099 Totals file, select
the box.
Tip: Select
the box if you have any Vendors who require more than one 1099 Code, have
any vendors who require you to withhold taxes, or if you want to manually
adjust the amounts for any vendors.
To print
the Calendar Paid Amount YTD
from the Vendor Master file, de-select
the box.
Tip: De-select
the box if all of your vendors use only one 1099 code each, and
none of your vendors require taxes withheld.
Note: In order for a vendor to be eligible to receive a 1099, their 1099 Eligible/Default option must be set to a 1099 code.
Where-Maintained: 1099 Codes Table Maintenance
Where-Used: Print 1099s
Format: predefined