Financial Management - PSFT (MOSC)

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PeopleSoft 1099 Withholding Report/ Process

edited Sep 20, 2024 2:10PM in Financial Management - PSFT (MOSC) 4 commentsAnswered

Hi

Currently, to provide 1099 information to our Tax Dept at beginning of a year, I was trained that I need to run multiple processes:

  1. post withholding process- withholding transaction post to populate the WTHD_TRNX_TBL
  2. Withhold 1099 report post- this populates WTHD_1099_TBL
  3. Withhold 1099 report - B 1099 report- this populates WTHD_TO_SND_DTL which creates 2 output files for our tax team

As this process was apparently set up 10 years ago, is there an easier way or one PeopleSoft out of the box report that is now available? And if so, how do I get details on that to see if it would work for us? Or does anyone have any other suggestions for the process they use?

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