Reporting to the MAX including Point of Sale and Non-profit Versions Tech Tip

Question:
How do I Reset YTD Vendor Totals at the end of the year?

Reset YTD Vendor Totals

All of you vendors have accumulating Year to Date (YTD) amounts. These amounts are accumulated figures from posted activity amounts. The amounts will accumulate to the last year, current year, and next year. When the Year to Date amounts are processed, these amounts shift. The current year amount becomes the last year amount, the next year amount becomes the current year amount and the last year amount is dropped.

The Current Year payment amount for each 1099 Type is transferred to the corresponding Last Year 1099 Payments box on the 1099 tab of the Vendor window.

1. Select Reset YTD Vendor Totals from the Period End menu.
2. Select Process For All Vendors if want to reset for all vendors (for example, a regular end of year procedure).
3. If you do not want to reset all vendor's totals, enter the Vendor Number of the vendor you want to reset.
4. Select OK to proceed, or Cancel to exit without processing.