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1099 for externally recorded and settled payments

edited Jun 10, 2020 3:05PM in Payables, Payments & Cash Management 2 comments

Summary

1099 for externally recorded and settled payments

Content

We have non-Oracle Cloud sub-ledgers which settle record and settle Payables invoices, and send their trial balance on a monthly basis to GL for boob-keeping and Bank recon.

We are hoping to leverage Oracle's 1099 functionality to send consolidated 1099 to vendors, without having to import external invoices and run a payment cycles to Oracle Payables. 

Can anyone think of a solution?

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