Announcements - Vouchers

IRS 1099 reporting-when paying a vendor ID different than on the Purchase Order

1099 reporting is based on the Invoice Information tab of the voucher.

.  If the vendor ID on the Payments tab is different than the Invoice Information tab, the 1099 will be issued to the vendor on the Invoice Information tab.  Please take appropriate action to ensure that the vendor ID on the Invoice Information Tab is the vendor that is owed the funds and that should receive the 1099.  Importing PO’s with one vendor ID, and paying another is not appropriate for 1099 purposes.  


Please submit questions regarding this via ManageEngine.