Modify 1099 Transactions

Menu Path: Fund Accounting > Periodic Routines > Periodic Processing > Modify 1099 Transactions

Use this option as needed to modify the 1099 Type settings on vendor check transaction records. These changes also update the appropriate 1099 fields in the Vendor List.

Modify a 1099 Type on a Vendor Check Transaction

Open the Modify 1099 Transactions page.

Identify the check transaction:

Disbursement Fund	Number identifying a fund that issued the check. The default is from the Fund Accounting Profile. Other disbursement funds can be set up in the Organization Chart. This field will not appear if the Print Checks by Bank Account option is selected in the Fund Accounting profile.
Bank account	If the Print Checks by Bank Account option is selected in the Fund Accounting profile, the Bank Account field appears instead of the Disbursement Fund field. Select the relevant bank account from the drop-down list to select the record based on the bank account and not disbursement fund. The Print Checks by Bank Account option is available in release 22.4 and higher.
Check No.	Check number identifying the check.
Year	Fiscal year that applies to the transaction. The field defaults the current fiscal year, as defined in the Fund Accounting Profile. Change the year if needed.

Click OK to display the check.
If the check is not found, repeat Step 2. To determine whether a check exists, access the report through Fund Accounting > Reports > Accounts Payable Reports > Check Register.
In the 1099 Form fields, modify the 1099 codes for each detail line as needed. For example, if the code for a line transaction is N - No 1099, you can change the code to G - 1099-G. The option's settings include:
- M - 1099-Misc
- G - 1099-G
- I - 1099-Int
- N - No 1099
When you finish changes for the current check, click OK to return to the Disbursement Fund or bank account field.
To change the 1099 for another check, repeat Steps 2-5, or click Back to close the Modify 1099 Transactions page.