Knowledge Base

1099 forms in SAP Business One are used for sending the details of outgoing payments paid to vendors, within a given calendar year, to the tax authorities.

Below you can find how to complete the vendor 1099, enter AP invoice, edit 1099, and print and review 1099/1096 reports all within SAP Business One. 

3. Go to the Accounting tab and select 1099 form and 1099 box number.  This selection will be the default on each AP Invoice.

• 1099 Form and Box types are specified at the AP Invoice entry stage.
  
• 1099 Form and Box types may be edited later in 1099 Editing window.
  

Use this function to update the 1099 values and 1099 amounts in existing A/P invoices, and in A/P credit memos that are not based on A/P invoices.

• 1099 Form and Box information can be changed.
  
• 1099 Amount can be changed.
  

1099 forms vs. 1096 form: 

• 1099 forms are used for sending the details of outgoing payments paid to vendors within given calendar year, to the tax authorities
  
• 1096 form is an annual summary of all payments grouped by type of form
  

This report enables you to retrieve the information required for both 1099 and 1096 reports and print it on the preprinted official forms.

Selection Criteria

1. Select the following display options:
   

• 1099 Vendor Summary Report
  

                                             Specifies that the 1099 report should be summarized by vendors.

• 1099 Summary by Form/Box Report
  

                                             Specifies that the 1099 report should be summarized by 1099 forms or 1099 groups.

• 1099 Form
  

                                             Generates the 1099 report for one 1099 form only. The report results are summarized by vendors. The print layout for this report is designed for printing on official 1099 forms.

• 1096 Form
  

                                            Generates the 1096 report. This is an annual report that summarizes all the payments by box type. The print layout is designed for printing on an official 1096 form.

Show Not Submitted

Report includes only documents that are not yet marked as submitted.

Show Submitted

Report includes documents that are marked as submitted. Submitted means the 1099 has already been printed and submitted.

Include Payments Which Are Not Based on Invoices

Report includes payments created for vendors, not based on invoices.

Include Vendors with 1099 Amount Lower than Required

Report includes vendors with 1099 amounts lower than the minimum amount defined for the box assigned to them.  This amount is set in the 1099 Box Table.  (See additional Screenshot below)

Vendor Group

Report includes only vendors linked to the group specified here. Choose All to include vendors of all groups.

Properties

Opens the Properties window, where you can select business partner properties as selection criteria for the report.

Posting Date From, To

1. Specify the posting date range to be included in the report. By default, the range representing the calendar year of the current system date appears. Click Ok.