1099 Tracking

ObjAcct provides several methods for assigning 1099 box information to transactions.  These methods are:

Assign a 1099 box to an individual Account.

1.  Select Chart of Account from the Lists menu.

2.  Double click on a specific Account to open the edit window.

3.  Select a 1099 box from the 1099 Box dropdown list.

4.  Click Save to save the Account change.

Assign a Default 1099 box to a Vendor.

1.  Select Vendor from the Lists menu.

2.  Double click on a specific Vendor to open the edit window.

3. On the Vendor - General Tab, click on the 1099 Eligible checkbox for a vendor eligible for 1099 reporting.

4. On the Vendor - Defaults Tab, select a Select a 1099 box from the Default 1099 Box dropdown list.

5.  Click Save to save the Vendor change.

Assign a 1099 box to a Vendor Bill  or Write Check transaction.

1.  See Enter A Vendor Bill.

2.  See Enter A Check.

1099 Box Default Logic

1.  If a transactions if entered for a Vendor with a Default 1099 Box, the Vendor's Default 1099 Box will default into the transaction at data entry time and the user may override it.

2. Transactions that do not have a 1099 Box assigned a data entry time and are for Accounts with a 1099 box will be assigned to the Account's 1099 Box.