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general:1099_create_1099_object_codes_table

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general:1099_create_1099_object_codes_table [2018/12/07 16:42] emorenogeneral:1099_create_1099_object_codes_table [2024/02/09 14:23] (current) emoreno
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 In file ID C, review all of the object codes that were used when paying 1099-eligible vendors. You can add and/or delete object codes as needed.  Generally, 62XX accounts are included. In file ID C, review all of the object codes that were used when paying 1099-eligible vendors. You can add and/or delete object codes as needed.  Generally, 62XX accounts are included.
  
-++++Image|{{:finance:1099_object_codes.jpg|Finance 1099 Object Codes Tab}}+++++Ensure that you are appropriately capturing any end-of-year payable transactions from the current or prior year. 
 + 
 + 
 +{{:general:process1099forms_1099objectcodes.jpg|Finance 1099 Object Codes Tab}} 
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 +<WRAP box> **Note**: If the table is not populated with object codes and type payments, all transactions (regardless of object code) for each 1099-eligible vendor are extracted when the Create 1099 Work Table utility is processed. The table must be completed prior to printing the 1099 forms. 
  
-<WRAP box> **Note**: If the table is not populated with object codes and type payments, all transactions (regardless of object code) for each 1099-eligible vendor are extracted when the Create 1099 Work Table utility is processed. The table must be completed prior to printing the 1099-MISC forms.  
 </WRAP> </WRAP>
  
-**<color #ed1c24>Log on to the prior year file ID (8).</color>**+**<color #ed1c24>Log on to the prior year file ID.</color>**
  
-Ensure that the prior and current year file ID object code tables have the same object codes as the amounts spent from January 1, 2018 - August 31, 2018 are documented in the prior year file ID (8).+Ensure that the prior and current year file ID object code tables have the same object codes since the amounts spent from January 1 - August 31 exist in the prior year file ID.
general/1099_create_1099_object_codes_table.1544200972.txt.gz · Last modified: 2018/12/07 11:42 (external edit)