Reporting to the MAX-Tech Tips-How do you prepare to print 1099's

Reporting to the MAX Module:
AP - Accounts Payable

Question:

How do you prepare to print 1099's?

Possible Causes:

You need to either apply the credit or balance to reduce and invoice or list it (take it) on a check.

Probable Solutions:

Before posting any 2006 payments in the Accounts Payable module, the

AP> Period End> Reset YTD Vendor Total

Should be run

This resets the YTD balance to zero so the 2006 balance will be correct

For 1099's.

If this was done properly in 2005, the 2005 payment total will be moved

To the Prior Year Payments. Even if this was not done, the above

Should be done. The prior year numbers can be manually patched for

The 2005 1099's.

George Schaefer

GPS Financial

How to Avoid in the Future:

Suggestions to Cougar on improving the software:

Reporting to the MAX Tech Tip