Form 1099 Report

This Help File Page was last Modified on 04/03/2017

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Form 1099 Report

This Help File Page was last Modified on 04/03/2017

The United States Internal Revenue Service (IRS) requires that, if a Payment threshold is exceeded, a Form 1099 be sent annually to those Vendors (and the IRS) who have not indicated in writing that they are exempt from this requirement.

That Notification Requirement is based on the type of business they are set up as, and on exceeding the threshold amount - specified by the IRS - for gross Payments made to Vendors.

If the Vendor has not legally indicated that they are exempt from this requirement, your Company must Check the 1099 Required box on the Vendors Form's Edit View Tab.

There are two ways to access the Form 1099 Report dialog:

a)From the Backstage Menu System Select Reports and Choose Payable Reports, or

b)From the Quick Access Menu, Select Reports and Choose Payable Reports.

Then, Select Form 1099 Report.

 

Form 1099 Report tabs - There are two tabs on the Form 1099 Report dialog.

Options - Initially only the Options tab is shown (until you make your Options selections and Select Print).

 

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Form 1099 Report - Options

 

Start Date - By default, the first day of the most recently completed year.

End Date - By default, the last day of the most recently completed year.

Threshold - By default, $600.00, enter the Amount, beyond which Payments to the Vendor will trigger the requirement for a Form 1099 to be sent.

Print - Click the Print button HelpFilesPrintButtonNoIcon to Preview and optionally Print (to a File or a Printer) this Form 1099 Report.

To Exit this Report dialog, Click the Close button HelpFilesReportDialogCloseButton toward the bottom of the Options tab.

 

 

Preview - The Preview tab presents the report which resulted from the Options you've selected.

Up Arrow/Down Arrow - hi - Moves the report one line up, or one line down, respectively.

Page Up/Page Down - Moves the report to the previous or next page, respectively.

 

HelpFilesForm1099ReportPreview

Form 1099 Report - Preview tab

Home - HelpFilesHomeKey- Using either the screen Icon or your Keyboard's Home key, moves the report to the top of the first page.

End - HelpFilesEndKey- Using either the screen Icon or your Keyboard's End key, moves the report to the bottom of the last page.

Arrows - The arrows allow you to move back and forth, from page to page.

Number - Indicates the page number you are viewing.

You may also type in a specific page number, Press 8 Enter and that page will be displayed immediately.

If you enter an invalid page number, it will be ignored.

Fit To Page - Click the first button after the arrows to size a full page of the report to fit the screen.

Zoom To 100% - Click the second button after the arrows to display the page at 100% (of the printed view).

Fit To Page Width - Click the third button after the arrows to size the page of the report to fit the full width of the screen.

Zoom To Percentage - Click the fourth button after the arrows to re-size the page of the report by percentage.

 

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When you Click the Zoom To Percentage button, the Percentage selector will be displayed.

You may then Click the Up  or Down arrows to set the exact amount of Zoom you want.

Print - Click the Print button to Print (to a File or a Printer) HelpFilesPrintIconthe displayed Form 1099 Report.

To Exit the Preview tab and Close this Report dialog Form, Click the Close box HelpFilesCloseBoxon the right at the top of the Preview tab.