From the course: SAP Business One: Finance and Banking

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1099 setup

1099 setup - SAP ERP Tutorial

From the course: SAP Business One: Finance and Banking

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1099 setup

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- [Instructor] One responsibility some companies have is sending 1099s to their vendors. Let's look at the steps to get this to work. Recipients of 1099s must have two things true, the vendor must have the correct 1099 information, and there is an amount paid after 1099s are turned on. So let's use the scenario that OEC has been using, the Huli Pizza Company, which is an LLC for catering services. And I'm going to quickly add Huli Pizza as a vendor, and then set up the 1099s for Huli Pizza. So we're going to go over to business partners, and business partner master data. And inside of here, I'm going to go hit add, we'll make this a vendor, and we'll give them a vendor number of that, and we can call them Huli Pizza Company. And are they in this particular group? We really don't have one for the Midwest, which is where they're located, so we're just going to call them general supplies, or vendors, here we go. That's…

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