AP> Utilities> Update 1099

Update 1099 Data on Invoices

 

Summary

 

The Update 1099 tool is used to quickly update a large number of AP invoices with the 1099 information and 1099 type for a specified calendar year.

 

Step by Step

 

1     Open the Update 1099 window (AP> Utilities> Update 1099).

 

2     Update the 1099 data.

 

  • The Vendors section is used to select which vendors will have their invoices updated.
    • Click SELECT ALL or DESELECT ALL to select or deselect all the displayed vendors.
  • Specify a Calendar Year for the update.
  • Click the Export button to generate a comma-separated value (.csv) file that will allow you to compare the old and new 1099 information for each vendor selected.
    • Click VIEW FILE LAYOUT to see how the data in the export file will be organized.
  • Click the Submit button to update the selected vendors' invoices with the 1099 data.