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Overview
If the Use 1099/CPRS Reporting option is selected on the A/P Options screen, you can use Accounts Payable to track payments to vendors who are subject to 1099 reporting.
You can print this data on official forms—1099-MISC, 1099-NEC, or 1096—for vendors for which 1099 is selected for the Tax Reporting option in the vendor record.
Sage 300 Accounts Payable comes with sample 1099 and 1096 formats, designed for laser printers.
When to Print
Print 1099 and 1096 forms at the end of each calendar year, after you have entered all transactions for the calendar year.
Information Printed on This Report
The sample 1099 form includes the following information:
- Your company name, address, and identification number.
- The vendor name, address, and identification number.
- The 1099 payments to the vendor in the calendar year.
- A summary that contains the information you need to complete Form 1096 (required when filing 1099 forms).