Overview:

The Change 1099 Earning Designation on AP Distribution window provides a means of viewing all distributions for vendors designated as 1099 recipients. Here you can change 1099 Earnings Codes on individual invoices to designate an amount to be in the total of a 1099-MISC form box that is different from the originally assigned 1099-MISC form box. You can also change the state assigned to an invoice or remove the assigned state.

Benefits:

Quickly update errors found on the Exception and Audit reports

Roles:

AP Manager
Controller

Additional Content

If a vendor had an incorrect earnings code, then the vendor should be updated so future invoices are recorded correctly
If payments are missing from the beginning of the year due to a conversion, then use the Initial Load button on the Vendor Information to add amounts paid from old system

Location:

Accounts Payable > Year End Processing > 1099 Processing > Change 1099 Earning Designation on AP Distribution

Video:

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