Accumulator Codes

Pgm: N1099ACC –1099 Transaction Accumulators; standard Treeview path: Accounts Payable > Utilities > 1099 > Setup > Accumulator Codes

This program is used to create unique codes for each box within a 1099 form. These codes can then be applied to both the 1099 form and the vendor.

Accumulator

Enter a unique code to link a 1099 box to a 1099 form. These codes are applied to each vendor payment created in the Accounts Payable module.

Name

Enter the name for the 1099 transaction.

Temporary Code – Checkbox

Check this box if the Accumulator Code linking a 1099 box to a 1099 form is temporary. The actual code can be entered when it is known.

1099 Exempt – Checkbox

Check this box if the transaction is exempt from 1099 reporting. There should be at least one code with this box checked that can be used for all vendors that do not have to be reported.

Note If only one type of 1099 code is being accumulating (e.g. MISC 1099), it is easier to make the accumulator code equal to the box number.