Generating Withholding Reports

To set up your withholding reports, use the following components:

• 1099 Piggyback States (WTHD_STATE_TABLE).

• Report Control Information (WTHD_CONTROL).

PeopleSoft Payables provides withholding reporting capabilities. Throughout the year, PeopleSoft Payables tracks all withholding supplier information. When it is time to send your withholding reports, PeopleSoft Payables extracts all the withholding balances from vouchers in the period, business units, and suppliers you specify, and prepares a report or electronic file for transmission to the tax authority, based on your setup.

This section discusses how to:

• Enter transmitter and payor data.

• Select suppliers and business units.

• (USA) Enter states for the combined federal and state filing program.

• Run the Withholding Reporting Application Engine process (AP_WTHDRPT).

• Review withholding report information.

• Run withholding reports.

Some reports specific to particular tax authorities are discussed in the topic, "Processing Special Withholding Requirements."