Creating income codes

  1. Select Financials > Payables > Payables Setup > Payables Codes > Income Codes.
  2. Click Create.
  3. Specify a Vendor Group, Income Code, and Description.
  4. Specify this information:
    Form Type
    Specify the type of tax form that is created when creating 1099 Tax Forms or Tapes.
    • Nonemployee Compensation
    • Miscellaneous
    • Interest
    • Dividends
    • Government Payments
    • Merchant Card And Third Party
    • Foreign Person
    Box Number
    Specify the tax form box number that is used to print a vendor's accumulated reportable income. Each form has corresponding boxes for various types of income.
  5. Click Save.