Tips to Prepare for End of Year Processing for Accounts Payable
Published
Tax season is here again and it's time to start preparing 1099s for your vendors and reconciling Accounts Payable to the General Ledger. To help you with this annual process, here's a list of our most popular Knowledgebase solutions and online resources for The Financial Edge broken down by process. Get ahead of the curve by verifying vendor addresses, amounts, 1099 tax settings, and tax IDs today.
Reconciliation
Adjust 1099 Amounts
Create 1099 Forms
Troubleshooting 1099s
Additionally, we offer a number of trainings you may find useful:
Instructor-led Classes:
Library:
Curriculum:
Reconciliation
- How to find and correct missing 1099 activity: BB72890
- How to run a report on 1099 vendor activity: BB72843
- How to view 1099 activity on a vendor record: BB34589
- How to create a list of vendors who were paid more than a certain amount: BB179282
- How to reconcile subsidiary ledgers to the General Ledger: BB3358
- Reconciling Accounts Payable to General Ledger section of the Subsidiary Ledgers Reconciliation Guide (PDF)
Adjust 1099 Amounts
- 1099 Wizard, an interactive wizard that takes you step-by-step through the process
- How to adjust 1099 amounts (includes demo ): BB71738
- How to edit 1099 box 18, the 1099 state income amounts (includes demo ): BB176468
- How to import 1099 adjustments: BB427604
- How to mark a vendor as a 1099 vendor: BB71854
- How to correct vendors that are not tracking 1099 activity: BB72890
- How to add a 1099 vendor name: BB65630
Create 1099 Forms
- How to print 1099 forms: BB72844
- How to create a 1099-MISC Magnetic Media file: BB75969
- Accounts Payable Forms section of the Mail Guide (PDF)
Troubleshooting 1099s
- Vendor tax ID is grayed out or masked: BB181316
- Error: Before you print 1099 forms you must enter your organization's Federal and State identification numbers on the General tab in Configuration: BB59388
- 1099 form alignment is incorrect: BB407267
- Organization or Vendor address is incorrect or not printing on 1099 forms: BB37328
- 1099 amount or vendor information is incorrect: 1099 Wizard
- Name Control is incorrect: BB312392
Additionally, we offer a number of trainings you may find useful:
Instructor-led Classes:
- End of Year in Accounts Payable
- End of Year in General Ledger
- End of Year in Payroll – Preparing for the New Year
- End of Year in Payroll – W2 Preparation and Distribution
- End of Year in Student Billing
Library:
Curriculum:
News
ARCHIVED | Financial Edge® Tips and Tricks
12/20/2013 6:17am EST
Leave a Comment