Populate: the template with the Vendor ID, Form Type, Box, Amount and save it as a CSV.Ĥ. Under AP Section: Select Template next to Vendor 1099 Opening Balancesģ. Go To: Company > Import Data (or Company Setup Checklist in the old UI)Ģ. To do this, you’ll need to download, populate, and import the 1099 Beginning Balances Template:ġ. If there are numerous Vendors to be updated, the most efficient method would be (you guessed it!) an import. How do I update the Intacct initial Vendor 1099 values for those transactions which were recorded in my historical system? We implemented Intacct mid-calendar year. However, in order to apply those changes to your current transaction, you’ll need to either draft the bill and come back to it, or refresh the AP bill page (which will lose any lines you may have added). Yes, Intacct gives you the ability to add and modify dimension records on the fly in transactions screens. Can I update the 1099 box for a vendor while adding a new bill? Click: Save! and Save (again) on the Vendor.īonus: While updating the vendor’s 1099 status, if transactions exist in Intacct, the first radio button in the below prompt allows for updating those existing transactions. Select: the Form Type and Default Box (for example, MISC form and box 7)ĥ. Select: the Additional Information tab and click the Form1099 hyperlinkĤ. Search: for the Vendor that needs to be updated and click Editģ. A vendor’s 1099 setup is easily update-able by following these steps:Ģ. ![]() ![]() This is a result of not completing the 1099 enrollment on a vendor’s setup. ![]() The 1099 checkbox on AP Bills is not selectable, how do I fix that? While we’ve certainly covered this topic in previous posts (even more than once!), this year’s take is brought to you by the top questions we’ve received from Intacct users reaching out to us via support. 1099 season – everyone’s favorite time of year, right? Just as the season makes its annual appearance, as do the 1099 blog posts.
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