Costpoint Online Help

Using the Help Search
Using the Help Search
  • Phrase:Returns all topics that contain the exact phrase in the search criteria. Use quotation marks around the phrase.
    Ex."system administration"
  • And:Returns all topics that contain all the words in the search criteria, in any combination. Insert a plus sign between all words in the search criteria.
    Ex.system + administration
  • Or:Returns all topics with any combination of words in the search criteria. This is the default.
    Ex.system administration
For more information:Searching Online Help

Create 1099 Information

Use this screen to create the information that is used to print 1099s.

Before you can print 1099s, print the 1099 Edit Report, or use the Edit 1099 Information screen, you must create 1099 information on this screen.

You must print 1099s for all vendors who received $600.00 or more in rents or medical, other, or non-employee compensation (or $10.00 or more in royalties) for the year. Run the Create 1099 Information process to create 1099 information for all vendors designated as 1099 vendors. This gives you the opportunity to ensure that all 1099 vendors were charged the correct amount of 1099 income.

However, when you print 1099s, only vendors who received 1099 income are included on the 1099s.

Before you print 1099s, you must:

  • Record checks against vouchers and post them. To create 1099 information, Costpoint accesses check data for vouchers containing payments that are qualified for 1099 status. The process also accesses historical voucher data for 1099 income amounts.
  • Map your organizations to specific companies on the Manage Organization Elements screen, and enter information for your company (or companies) on the Configure Company Information screen.

Although you will probably create 1099 information only once a year, you can run this process as often as you like.

Note: See 1099s Overview for background information about creating and printing 1099s. See 1099 Income Calculation Examples for illustrations of how Costpoint calculates 1099s. See 1099 FAQs for related information.