A/P 1099/CPRS Codes Screen

Enter an existing 1099/CPRS code, or specify a new code using up to six characters.

If you select 1099 in the Tax Reporting Type field, you must also specify an amount type (such as Rents or Nonemployee Compensation).

Amounts of a certain type may need to be reported in different boxes, or even on different forms, from one year to another. When you print 1099/1096 forms, the amount type for each 1099 code is used together with the form type and year for which you are reporting to determine where to print amounts.

Enter a description of the 1099/CPRS code, using up to 60 characters.

Select this option if you do not want to assign the 1099/CPRS code to any vendors.

Before selecting this option, make sure the code is not used in any existing vendor records because you cannot save changes to vendor records that use an inactive 1099/CPRS code. However, you can post existing transactions that use an inactive 1099/CPRS code, and the necessary 1099/CPRS information is correctly accumulated.

This field displays the date of the last change made to the 1099/CPRS code.

The 1099 Electronic Filing screen and the Print 1099/1096 Forms report screen use the value in this field to determine which amounts to report.

Enter the lowest amount you are required to report for each code. Only vendors with a total 1099 amount equal to or greater than this amount will be included in the electronic 1099 file or on printed 1099 forms.

Specify whether the code is for reporting 1099 or CPRS amounts.