The Post Withholdings and Update Withholding are scheduled for system batch processing with all business units. Please refer to UPK for additional information. ST Lesson 3.2, ST 3.2.1 All Lines to Have Withholding’. ‘Set ST Lesson 3.2, ST 3.2.2 All Lines to No Withholding’. ‘Set ST Lesson 3.2, ST 3.2.3 Withholding from Specific ‘Remove ST Lesson 3.2, ST 3.2.4 Up Specific Lines for Withholding’. ‘Set ST Lesson 3.2, ST 3.2.5 the Class on a Reportable Line’. ‘Change ST Lesson 3.2, ST 3.2.6 Updated Withholding’. ‘Clear Adjust Withholding Correct Reporting Amount – If an update or change to the total amount of a 1099 reportable payment is required, use Adjust Withholding. NOTE: Any cancelled payment which originated from a 1099 withholding vendor with applicable withholding selected on the voucher must have the 1099 reporting amount removed by using Adjust Withholding. In the following example, a voucher was created with one voucher line and a total amount of 27,573.43. The entire amount was checked as withholding applicable. A review resulted in the need to adjust (decrease) the 1099 reporting amount by (7,924.68). Navigation: Accounts Payable > Accounts Payable Center > 1099 > Maintain > Adjust Withholding Vendor SetID: Defaults to “SHARE”. Vendor ID: the and then click Search. “xxxxxxxxxx” Search Results: Click on the appropriate vendor location link. If only one active vendor location exists, the Withhold Adjustments page will open on that location. On the Withhold Adjustments page enter search criteria: Business Unit: Enter “xxxxx”. Start Date: Enter the calendar year begin date “1-1-YYYY”. End Date: Enter the calendar year end date “12-31-YYYY”. Click Search.
The Post Withholdings and Update Withholding are scheduled for system batch processing with all business units. Please refer to UPK for additional information. ST Lesson 3.2, ST 3.2.1 ‘Set All Lines to Have Withholding’. ST Lesson 3.2, ST 3.2.2 ‘Set All Lines to No Withholding’. ST Lesson 3.2, ST 3.2.3 ‘Remove Withholding from Specific ST Lesson 3.2, ST 3.2.4 ‘Set Up Specific Lines for Withholding’. ST Lesson 3.2, ST 3.2.5 ‘Change the Class on a Reportable Line’. ST Lesson 3.2, ST 3.2.6 ‘Clear Updated Withholding’. Adjust Withholding – Correct Reporting Amount If an update or change to the total amount of a 1099 reportable payment is required, use Adjust Withholding. NOTE: Any cancelled payment which originated from a 1099 withholding vendor with applicable withholding selected on the voucher must have the 1099 reporting amount removed by using Adjust Withholding. In the following example, a voucher was created with one voucher line and a total amount of 27,573.43. The entire amount was checked as withholding applicable. A review resulted in the need to adjust (decrease) the 1099 reporting amount by (7,924.68). Navigation: Accounts Payable > Accounts Payable Center > 1099 > Maintain > Adjust Withholding Vendor SetID: Defaults to “SHARE”. Vendor ID: the “xxxxxxxxxx” and then click Search. Search Results: Click on the appropriate vendor location link. If only one active vendor location exists, the Withhold Adjustments page will open on that location. On the Withhold Adjustments page enter search criteria: Business Unit: Enter “xxxxx”. Start Date: Enter the calendar year begin date “1-1-YYYY”. End Date: Enter the calendar year end date “12-31-YYYY”. Click Search.
1099-Reporting-Training-Manual-for-CY2013-Current.docx