Process

Use these processing options to specify the reporting year and to specify whether to include gross or net amounts for discounts on the report.

1. 1099 Reporting Year

Specify the four-digit 1099 reporting year. Only the 1099-eligible journal entries for documents paid within the specified year are reported.

2. Discount Handling Method

Specify the method that you want the system to use to handle a discount. You can indicate that you want to report the gross amount or that you want to reduce a document's first 1099 amount by the total discount taken, leaving a net amount. Values are:

Blank: Report gross amount.

1: Report net amount.