You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

How to pull a 1099 for a third party payee?

Received Response
51
Views
3
Comments
edited May 3, 2023 7:23PM in Tax & Global 3 comments

Summary:

After creating a third party payee relationship between two suppliers, an invoice is created for supplier A. That invoice is then paid to Supplier B (the third party payee to Supplier A). The invoice is then closed and the invoice is posted to the GL. The US 1099 Report is then run to get the tax information sent to the suppliers.

When running the report, only Supplier A's 1099 is generated. How do you generate a 1099 for both Supplier A and Supplier B to show? This is a requirement from our client where they require a 1099 for both the suppliers involved in a third party payee relationship.

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!