A/P 1099/CPRS Codes Screen
Open Accounts Payable > A/P Setup > 1099/CPRS Codes.
Enter an existing 1099/CPRS code, or specify a new code using up to six characters.
- 1099/CPRS codes can be up to six characters long, but, in practice, they do not exceed two digits.
- If you add any non-standard 1099/CPRS codes, you must modify the 1099/CPRS Amounts report to print the non-standard codes. (By default, only standard 1099-MISC codes are printed on the stock 1099/CPRS Amounts report.)
Enter a description of the 1099/CPRS code, using up to 60 characters.
Select this option if you do not want to assign the 1099/CPRS code to any vendors.
Before selecting this option, make sure the code is not used in any existing vendor records because you cannot save changes to vendor records that use an inactive 1099/CPRS code. However, you can post existing transactions that use an inactive 1099/CPRS code, and the necessary 1099/CPRS information is correctly accumulated.
This field displays the date of the last change made to the 1099/CPRS code.
The 1099 Electronic Filing screen and the 1099/CRPS Amounts report screen use the value in this field to determine which amounts to report.
Enter the lowest amount you are required to report for each code. Only vendors with a total 1099 amount equal to or greater than this amount will be included in the electronic 1099 file or on printed 1099-MISC forms.
If you are setting up a new company database, Accounts Payable provides a set of 1099/CPRS Codes with default values.
Overview
Use the A/P 1099/CPRS Codes screen to add codes to assign to vendors that are subject to 1099/CPRS reporting.
You must enter a 1099/CPRS code in the Vendors screen for each vendor you mark as subject to 1099/CPRS reporting.
For a list of the 1099/CPRS codes created by Accounts Payable, see List of 1099 / CPRS Codes.
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