1099 indicator for reimbursements
I see there are several requests related to separating reimbursements from grants and fees for independent contractors. There is a work out that says we have to go to the GL to indicate if a certain GL should be on 1099. I would prefer to see a field or check box next to each voucher line item that can be checked for 1099. If for instance, consulting GL is marked as 1099, that code can be used to pay different entities including ones who don't need to receive 1099s.
Emma Schwarz
shared this idea
In CSuite the accounts will remain the main source for recording 1099 expense data. If you have a line item for a voucher that should not be included in a 1099, it is recommended that you create another account (this could be a sub-account) that is not a 1099 account. As an example, professional fees subject to 1099 report and a separate account (OR this could be a sub-account) that is professional fees not subject to 1099 report.
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Sally Weldon
commented
If the check box is the only indicator a vendor receives a 1099 on the vendor record, it should default to any voucher created for the vendor.
There should be an option to remove it from some vouchers where their amount should not make it onto the 1099 makes sense.