Reportable Income Group (AP02.1)
Use Reportable Income Group (AP02.1) to define and maintain reportable income groups. A reportable income group is used to group companies or process levels within a vendor group for the sole purpose of creating reportable income forms and tapes.
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You must define a code name for the reportable income group, select a vendor group, and provide the tax identification number for the vendor group. The address fields are not required, but address information should be defined because it will be included in any 1099 forms or tapes you create.
Because you will generate 1099 forms and tapes by reportable income group, you should define at least one group for each tax identification or registration number that you will need to report on. The reportable income group name and address is used on the reportable income forms and tapes.
Use the Contact tab to define contact and telephone information. Use the 1099 tab to define additional information used for creating 1099 reportable income forms or tapes.
To assign accounts payable companies and process levels to the reportable income group, click the Entities button to open the Reportable Income Group Entities subform.