1099 Types Table

Use this option to maintain codes for recording payments to vendors. Payment types and amounts are reported to the Internal Revenue Service on forms 1099-MISC, 1099-G, and 1099-INT at the end of the calendar year.

You assign form and box codes from the 1099 Types table as defaults in records added to Fund Accounting's Vendor List. These defaults are used when you generate your 1099 forms. If needed, you may change the default codes entered in vendor checks with Modify 1099 Transactions.

The 1099 Types table must be completed before setting up the Vendor List and before running Periodic Processing's 1099 Processing options.

Menu Path

From the Fund Accounting menu, select Reference Tables. From the Reference Tables menu, select 1099 Types.

Add a 1099 Types Record

1. Click Add New.
2. In the Table Information section, enter the Form and Box codes, as well as a Description.
3. Click OK.

Change a 1099 Types Record

1. Enter criteria identifying the records, then click Find. To run an advanced search, click Advanced.
2. Select the record, then click OK.
3. In the Table Information section, change the desired fields.
4. Click OK.

Delete a 1099 Types Record

1. Enter criteria identifying the records, then click Find. To run an advanced search, click Advanced.
2. Select the record being deleted.
3. Click Delete.
4. Click Yes.

Do not delete 1099 types that are being used in other records.

Generate the 1099 Types Report

1. Enter criteria identifying the records, then click Find. To run an advanced search, click Advanced.
2. Click Print.
3. Specify how to generate the report, then click OK. The report's default file name is 1099.rpt.

Fields