Accounts Payable > 1099 Payment

Note: This function is not accessible if the company's country tax is Canada.

Prior to printing the 1099 form, AccountMate allows you to review and edit the previous year or current year 1099 information for reporting purposes.

Ensure that all the 1099 payments are recorded for the 1099 year prior to running the Amend 1099 Type function. Any 1099 payments recorded after the 1099 information update will be excluded from the 1099 form for the 1099 year.

To amend 1099 type, perform the following steps:

1.Access the Amend 1099 Type function from the Transactions menu. The Search screen is automatically displayed when this function is accessed.

2.Enter in the Search field the 1099 Vendor # for which you want to amend the 1099 type. Alternatively, you may scroll up or down to locate in the grid the 1099 vendor #; click the vendor # to select.

3.In the 1099 Year field, click to select the year for which you want to update.

4.In the General Information section, make the necessary changes by entering the new values in the corresponding 1099 types for the vendor for the selected 1099 year.

5.When you are ready, click the Save button to save your changes; otherwise, click Cancel to discard your entries.

Note: The change that you make in the 1099 Information Update function to update a vendor's 1099 information does not affect the vendor’s record.

Amend 1099 Type

Amend 1099 Type

See Also