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How to exclude 1099 Vendors paid less than $600 at year's end.

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Answer: 

Prior to 15.1.1 it was not possible to filter the 1099 Data Collection to exclude vendors paid less than $600. You had to sort the vendors in the Aatrix® grid and delete the rows you didn’t want.

 
With 15.1.1 there is a new filter field available called “Total Amount”. If you use the Total Amount filter > $600 it will exclude vendors paid more than zero but whose amounts did not reach $600 in ANY 1099 box.
 
This filter applies to ALL boxes, not just MISC-07.

WARNING

If you use this filter, it will exclude all vendors who do not have more than $600 in ANY 1099 box. Therefore if you have a vendor that has information in some box other than 7 that is less than $600 they will be excluded from the 1099 run and will not get a 1099, even if they are supposed to.
 
For example if you have a vendor that has $345 in Box 1 and $20 in Box 7 they would be excluded from the 1099 Run because none of the boxes had $600.
 
If you have a vendor that had $700 in Box 1 but $59 in Box 7 they would be INCLUDED from the run. This is because the amount in Box 1 is greater than $600.
 
Because of this it is important to check your information and make sure that you are not excluding vendors that should have gotten 1099’s for something other than MISC-07 activity. You should also check what gets pulled in to make sure you are not including information you don’t want. This information will need to be sorted and deleted from the grid.


 

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Article Type: 
Product Info
Product Line: 
Abila MIP Fund Accounting
Product Module/Feature: 
Accounts Payable

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