Product Update 407: 1099 Category column added in Make recurring purchase entries screen (American legislation)
In product update 362, the 1099 category for tax reporting for the American legislation was supported.
In this product update, changes have been made to the Make recurring purchase entries screen (at Finance à Entries à Recurring entries à Enter and Finance à Entries à Recurring entries à Generate), such as the following:
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The 1099 Category column has been added. The default value in the column will be based on the 1099 Category value defined for the vendor in the accounts payable maintenance screen. However, you can select the category in the column.
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The 1099 Category column will not be displayed if Employee is selected at Type for the vendor in the accounts payable maintenance screen.
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If a 1099 category is selected and the vendor does not have a tax ID, the message “No Vendor Tax ID entered. This is required for tax filing. Would you like to enter the Vendor Tax ID?” will be displayed.
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Once the recurring purchase entry has been created, processed, and generated with a 1099 category, the 1099 category for the processed entry will be displayed in the purchase journal.
| Main Category: |
Support Product Know How |
Document Type: |
Release notes detail |
| Category: |
Release Notes |
Security level: |
All - 0 |
| Sub category: |
Details |
Document ID: |
24.797.656 |
| Assortment: |
Exact Globe
|
Date: |
10-05-2017 |
| Release: |
407 |
Attachment: |
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| Disclaimer |