Overview:

The 1099 Audit and Exception Reports are helpful to run and review prior to preparing 1099s to confirm the information is accurate. The exception report will display the payments made to 1099 Vendors and indicate if the earnings code was entered and if the State was included. The Audit report shows the payments made to vendors to be reviewed for accuracy of earnings code and amount. The check # and Invoice # are available if additional details are needed to determine if the payment is for a 1099 reportable transaction.

Benefits:

Confirm accuracy to reduce rework

Roles:

AP Manager
Controller

Additional Content

Location:

PENTA Reports by Module > Accounts Payable > 1099 Audit Report
PENTA Reports by Module > Accounts Payable > 1099 Audit Report by State
PENTA Reports by Module > Accounts Payable > 1099 Exception Report

Video:

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