Account codes assigned as a 1099 item
Currently for 1099's you have to review the transactions for non 1099 accounts and remove that amount from the invoice.
By assigning at the account level whether to report that item or not on a 1099, would save a tremendous amount of time.
When multiple people are entering accounts payable's when one forgets it can create problems.
-
Bernard Piwinsky
- Oct 25 2017
- Needs review
Related ideas
We do not use the same account code for 1099 items and non 1099 items. This could be an option for those that do it this way. I have use three accounting systems and this is the only one that doesn't have this option available. That way those that want to use it can and those who don't would not use this functions.
Interesting concept. In my experience though, most people might be using the same account for 1099 and non-1099 reportable information.
And no..you don't have to remove the information from the invoice. You can have one invoice that has some 1099 reportable and some non-1099 reportable. That has nothing to do with the GL distribution.