The report provides a preview of all information to be included on the 1099 forms for the appropriate vendors. It lists every vendor with 1099 Eligible selected on the Finance > Maintenance > Vendor Information > Vendor Name/Address tab and has transactions using any of the object codes that were set up in the object code tables in the current and prior year file IDs. If there are no codes in the table, all transactions for 1099 eligible vendors are extracted to the 1099 Work Table and are listed on this report. If a description does not display under Payment Type next to a transaction, the object code for that account code is not on the 1099 object codes table and that transaction is not included on the 1099-MISC form.

The report is used to verify that a social security number is on file for all vendors requiring a 1099 at the end of the calendar year. The report also provides supporting documentation for the amounts printed on the 1099 forms. Information for this report is stored in the 1099 work table and can be viewed on the 1099 Record Maintenance page by vendor.