1099 MASTERS-NO HISTORY

1099 MASTERS-NO HISTORY

A new field has been added to the 1099 file definition to indicate whether there is history (vouchers) in the Vendor Payments module to substantiate the amounts in the vendor’s 1099 master. For school systems, 1099 vouchers/checks may have been written by one of the local schools but the amounts are reported on 1099s generated by the central office. Or, this could be a new installation where the database doesn’t contain all (or any) vouchers and the amounts are keyed directly into the 1099 masters. The report for purging 1099 masters has been modified to allow exclusion of such 1099 masters.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Other Posts

Pre-Paid Expense

In my blog posting last month, one of the audit sections pertained to Pre-Paid Items. So, what is that? On the balance sheet, pre-paid expense...

Read More...