JD Edwards EnterpriseOne 1099 Processing Overview

This guide discusses how to perform 1099 year-end reporting tasks. In compliance with the year-end reporting requirements of the U.S. federal government, companies must prepare and submit 1099 forms. Your JD Edwards EnterpriseOne Accounts Payable system includes programs to produce these required 1099 forms, as well as to generate electronic files. You send 1099 forms to suppliers to whom you have made certain types of payments.

With the JD Edwards EnterpriseOne Accounts Payable system, you can:

• Maintain address and tax information for 1099 suppliers.

• Produce 1099 forms using data from the JD Edwards EnterpriseOne Accounts Payable system, the JD Edwards EnterpriseOne General Accounting system, or both.

• Generate reports to verify 1099 data.

• Adjust amounts for suppliers if you discover errors.

• Manage partial payments that cross over calendar years and discounts.

• Print 1099 forms by company.

• Produce 1099 returns in electronic media format.

Note: Use the 1099 software for the current tax year. The IRS often changes reporting requirements and forms. If you use 1099 software from a previous year, it might not be valid for reporting information for the current tax year.