EAP: 1099 Report Post excluding Vendors
Last updated on SEPTEMBER 15, 2016
Applies to:PeopleSoft Enterprise FIN Payables - Version 9 to 9.1 [Release 9]
Information in this document applies to any platform.
The 1099 Report Post process (1099_RPT_POST) excludes Vendors where an Address is used with an Effective Date later than the period specified on the Run Control page.
This means that if a 1099 Address is entered for a Vendor who has moved since the end of the year, and if no one remembers to effective date the Address on or before the end of the year, (which, in most cases would be inaccurate), the Vendor will be excluded from the PS_WTHD_1099_TBL, which eventually is supposed to end up on the IRS file.
1. Create a Voucher for a 1099 Vendor
2. Pay the Voucher
3. Post the Payment
4. Run Post Withholding
5. Change the Address effective date to the beginning of the next fiscal year
6. Run 1099 Report Post
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