Payables & Cash Management

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    Phil Nibert
    Has anyone tried the 1099 reporting in Oracle Cloud?
    Topic posted October 10, 2019 by Phil NibertRed Ribbon: 250+ Points, tagged Payables 
    35 Views, 2 Comments
    Title:
    Has anyone tried the 1099 reporting in Oracle Cloud?
    Summary:
    Has anyone tried the 1099 reporting in Oracle Cloud?
    Content:

    Has anyone tried the 1099 reporting in Oracle Cloud?

    I see the below scheduled processes available - has anyone ran or tested these reports?

    1. US 1099 Electronic Media Report - Generates summarized 1099 information in electronic format as required by the United States Internal Revenue Service.

    2. US 1099 Forms Report (Comma Delimited Format)  - Reports the total United States 1099 miscellaneous tax type payments for 1099 suppliers in a comma delimited

    3. US 1099 Invoice Exceptions Report - Lists paid invoice distributions with inaccurate or missing United States 1099 income tax information.

    4. US 1099 Payments Report - Lists payments made to United States 1099 reportable suppliers.

    5. US 1099 Report - Reports the total United States 1099 miscellaneous payments for a particular 1099 supplier and generates 1099 forms for each tax reporting entity in an organization.

    6. US 1099 Supplier Exceptions Report - Lists suppliers with inaccurate or incomplete United States 1099 income tax information.

     

     

    Version:
    Oracle Cloud Financials 19C

    Comment

     

    • Gopal Somani

      Yes, I have tested few. Any specific query ?

    • Alan Rowland

      We had a mid-year conversion last year so we used a third party service for our 1099's.  We used the following reports:

      2. US 1099 Forms Report (Comma Delimited Format)  - Reports the total United States 1099 miscellaneous tax type payments for 1099 suppliers in a comma delimited

      3. US 1099 Invoice Exceptions Report - Lists paid invoice distributions with inaccurate or missing United States 1099 income tax information.

      4. US 1099 Payments Report - Lists payments made to United States 1099 reportable suppliers.

      6. US 1099 Supplier Exceptions Report - Lists suppliers with inaccurate or incomplete United States 1099 income tax information.

      I know that some organizations wait until November or December to clean up their invoices and suppliers.  I'd advise running the Invoice and Supplier Exceptions report through out the year.  The US 1099 Forms Report (Comma Delimited Format) is useful; it's basically a dump.  There's a lot of information there.