Supplier 1099 box
Use the Supplier 1099 box function to enter supplier box text when applicable. The 1099 forms function includes this box text when it generates 1099s.
Prerequisites
Refer to documentation Implementation
Screen management
Entry screen
Supplier 1099 box must be used when a 1099 requires box text to be entered. This will allow you to enter text related to a specific box for each year, company, supplier, form and box, when applicable. It is also used to specify that a supplier had direct sales of $5000 or more.
Block number 1
| Year (field YR1099) |
| Company (field CPY) |
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This is the code of the assignment company of the entity. |
| Supplier (field BPSNUM) |
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Enter the supplier at the origin of the receipt. The selection lists specific to the intersite and intercompany orders and deliveries available for receipt are filered to those related to the entered supplier. From the Selection icon, you can:
|
| 1099 form (field FRM1099) |
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The 1099 form type indicates that a supplier is reportable to the Internal Revenue Service for payments made. Valid values are Misc, Dividend or Interest. |
Grid Details
| 1099 box (field BOX1099) |
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Default box number with respect to which payments must be printed on the 1099 record. Box numbers vary according the 1099 record at use. This value defaults from the supplier to the invoice, but can be changed. Inactive 1099 boxes are not available for selection. |
| Description (field DES) |
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The description associated with the 1099 box. |
| Text (field VALEUR1) |
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Enter the text associated with the currently selected box number when it is applicable for this supplier. If the box text is related to MISC box 9, select yes to indicate that direct sales of $5000 or more were made. |