|
You must process the vendor 1099s at the calendar year
end before the Vendor
Calendar Clear routine is run. Once
the Vendor Calendar Clear routine is run the Vendor
Payment Amounts YTD are cleared. |
1099 Forms Procedure
The 1099 Forms Procedure describes how to set up and to process vendor 1099 forms. This includes the actual printing of the 1099 forms. You will use this procedure if you made payments to vendors for the types of goods and services that are considered miscellaneous income by the government.
|
You must process the vendor 1099s at the calendar year
end before the Vendor
Calendar Clear routine is run. Once
the Vendor Calendar Clear routine is run the Vendor
Payment Amounts YTD are cleared. |
1. If your company name, address or Federal ID has changed within the last year, please contact NDS Technical Support for assistance with updating that information. The Company name and address is used as the payer name and address on the vendor 1099 forms.
2. Use 1099 Parameter Maintenance to maintain the minimum dollar amount the Vendors' Payments YTD must be to receive a 1099 and the telephone number to call if the vendor has questions.
Follow these steps for printing vendor 1099s.
1. Run the Build 1099 Workfile routine.
2. Using
plain paper, run XML Print
1099 Forms to print 1099s for proofing.
Tip: You
can print the Vendor 1099s as many times as necessary.
3. Proof the 1099s for accuracy.
4. Use the 1099 Workfile Maintenance routine to make edits to the vendor 1099s. You can create a new 1099 for a vendor, delete an unnecessary 1099 for a vendor or to make changes to an existing vendor 1099.
5. If you make any changes print the 1099 forms on plain paper one more time to make sure all the changes are correct.
6. Run the XML Print 1099 Forms this time using the actual 1099 forms.
Note: After the 1099 forms have been printed and approved, you should not need to use the 1099 forms routines again until the end of the following year. However, the information remains in the 1099 Workfile until you run the Build 1099 Workfile routine again. You can verify, edit and reprint the information in the workfile as needed. If necessary, the workfile can be cleared and individual 1099 records can be created during 1099 Workfile Maintenance and printed during the Print 1099 Forms routine. For assistance, please contact NDS Technical Support.
Important