US 1099 Invoice Exceptions Report

Review paid invoice distributions with inaccurate or missing US 1099 income tax information.

Before you run US 1099 reports, you should run this report for each tax entity to identify any exception invoice distributions. You can use the Update and Report Income Tax Details process to fix incorrect or missing income tax types or income tax regions. If the US 1099 status on a supplier is incorrect, you can correct it in on the Manage Suppliers page.

You can run this report from the Scheduled Processes work area.

Before running this report you must account for the invoices.

Parameters

Business Unit

Specify a business unit.

Reporting Entity

Specify a reporting entity.

Balancing Segment Source

Specify the account that determines the balancing segment for the invoice.

• Invoices: Charge account on the invoice distribution.

• Payments: Bank cash account used for the invoice payment.

From Accounting Date, To Accounting Date

Specify an inclusive accounting date range.

Report Results

The report is divided into the following sections:

• Invoice Distribution Lines for 1099 Suppliers with No Income Tax Type

• Invoice Distribution Lines for Non-1099 Suppliers with an Income Tax Type

• Invoice Distribution Lines Missing Income Tax Type or with Invalid Income Tax Type: This section prints if combined filing is enabled.

• 1099 Suppliers with a Negative Income Tax Type Total: This section doesn't apply to withholding tax distributions with an income tax type of MISC4.

• 1099 Suppliers with Withholding Exceptions: This section shows suppliers with positive totals for income tax type MISC4.