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If I have PO activity during the 2016 fiscal year and I set that vendor status to "inactive", will the 1099 still be created?
Thanks, Don
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More clarity... the vendors that were switched to inactive did not have open POs in the system. AP is worried that at the end of the year the 1099 won't print since the vendor has been switched off. PO's may have been processed earlier in the year, but showed no balance.
Hope that helps, and I do appreciate your advise. Don
It's actually based on whether the vendor was PAID within the year. So you can have a PO, have it invoiced but if it's not paid, then no 1099. Whether or not they are inactive doesn't really have any bearing.
EDIT: Also, if there's an open document (PO, invoice, etc), it's not going to let you mark the vendor as inactive.
Matt - question on this - if you have PO activity - that is not INVOICE activity - or am I splitting to fine a hair.
If only in PO status - you mark inactive - you will not be able to get to the Invoice and therefore to the Tax - hence no 1099
Maybe Don's phrase is not very clear and maybe he means that the PO's have been processed and therefore there invoice and payments made for the vendor - then the are marked inactive - at that point I would agree - you would have 1099 data and therefore report presence.
Thanks!
Yes, if a vendor has 1099 activity for the year and mid year (or whenever) you set them to inactive, a 1099 will still print for them.
Hi,
1099 is Withholding Tax for Vendor in US.
GP doesn't allow Transaction Entry for Inactive Vendors.
If there is no Transaction entered, then obviously there is no Withholding Tax.
So, Inactive Vendors won't appear on 1099 Statement.
Thanks,
Praveen
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