Reportable income groups and reporting organizations

Reportable income groups and reporting organizations are used to group companies or process levels within a vendor group. Their purpose is to create reportable income forms and tapes. You define a reportable income group or reporting organization and then assign companies or process levels.

When generating 1099 forms and tapes, you must define at least one group or organization for each tax identification or registration number. The name and address of the group or organization is used on the reportable income forms and tapes. You can define and change reportable income groups and reporting organizations at any time to fit your income reporting requirements.

If you have only one company that represents a single legal entity, then defining one group or organization for the company is sufficient. If you have multiple legal entities, then you can define a group or organization for each entity. It does not matter whether that entity is defined as an accounts payable company or a process level.