58 Choose a 1099 Method

This chapter contains this topic:

58.1 Choosing a 1099 Method

Before processing 1099s, you must decide which of the following 1099 methods you will use:

The method you choose depends on how complete the data is in your system.

Figure 58-1 1099 Method in the 1099 Task List

This is the second task in the 1099 process. The following table compares the two methods.

G/L Method	A/P Ledger Method
Use if you have information in the Account Ledger table (F0911) for all or most of the calendar year that you are reporting.	Use if you have only a small part of the year's information in the general ledger or if you have information from an external system. You might have a partial year if you started using the system mid-year or if you purged the Account Ledger table.
Uses information in the Account Ledger table (F0911).	Uses information in the A/P Ledger (F0411), A/P Matching Document (F0413), and A/P Matching Document Detail (F0414) tables.
Creates the 1099 G/L Worktable (F045141).	Creates the 1099 A/P Worktable (F045143).
Uses automatic accounting instructions (AAIs) to determine if account items should appear on the 1099.	Summarizes all of the payments for a supplier. You associate amounts with specific boxes on a form using Category Code 07 or the 1099 Flag field on Standard Voucher Entry.
Lets you review items and make changes, such as partial payments and retainages.	Lets you review items and make changes, such as partial payments and retainages.
Lets you repeat the process several times to ensure that each box on the 1099 form is correct.	Lets you repeat the process several times to ensure that each box on the 1099 form is correct.
Writes 1099s.	Writes 1099s.

The following factors might also affect your decision about which method to use:

If you have a partial year of voucher information in the system, you can use a combination of the two methods.
If you use three-way voucher matching (for example, matching system purchase orders to vouchers to payments), you can use either method.