Sunday, 18 May 2014

Create a 1099 Supplier

Responsibility: Purchasing, Vision Operations (USA)
Navigation: Supply Base > Suppliers > Entry > Create Supplier

Type : Standard Supplier
Organization Name : Computer Consulting Services
Taxpayer ID : 555-22-1560


[APPLY]

Navigate to Organization

Type : Supplier


[SAVE]

Navigate to Tax Details

Reportable : Federal [CHECK]


[SAVE]

Navigate to Invoice Management

Invoice Currency : US dollar
Hold from Payment : All Invoices [CHECK]
Payment Hold Reason : Enter any valid Hold Reason [1099 Supplier]
Payment Currency : US dollar
Terms : 30 Net
Terms Date Basis : Invoice
Pay Group : ABC PAY (Which you created on earlier session)



Create a Supplier Site (for Income Tax Reporting)

Navigate to Address Book

[CREATE]

Address Line 1 : 1st Main Road
City : Half Moon Bay
County : San Mateo
State : CA
Postal Code : 94019
Address Name : Half Moon Bay
Phone Area Code : 650
Phone Number : 555-1234
Address Purpose : Payment [CHECK]


[CONTINUE]




Created Supplier site successfully.

Navigate to Tax and Reporting

Main Information

Allow Tax Applicability [CHECK]

Income Tax Reporting Site [CHECK]



[SAVE]

Remove the Payment Hold for 1099 Supplier

Remove the Payment Hold for 1099 supplier while the 1099 supplier has returned a complete 1099 tax verification letter.

Responsibility: Payables, Vision Operations (USA)
Navigation: Suppliers > Entry > Search: Supplier Name = Computer Consulting Services

Navigate to Invoice Management

Hold from Payment, All Invoices [UNCHECK]



[SAVE]

A 1099 Supplier created successfully.

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  2. This comment has been removed by the author.

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  3. Useful information, thanks for sharing

    regards
    Advane
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    ReplyDelete