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AP02.1 - Reportable Income Group
Use Reportable Income Group (AP02.1) to define and maintain reportable
income groups. A reportable income group is used to group companies or process
levels within a vendor group for the sole purpose of creating reportable
income
forms and tapes.
**More Information
You must define a code name for the reportable income group, select
a vendor group, and provide the tax identification number for the vendor
group.
The address fields are not required, but address information should be defined
because it will be included in any 1099 forms or tapes you create.
Because you will generate 1099 forms and tapes by reportable income
group, you should define at least one group for each tax identification or
registration number that you will need to report on. The reportable income
group name and address is used on the reportable income forms and tapes.
Use the Contact tab to define contact and telephone information. Use
the 1099 tab to define additional information used for creating 1099
reportable
income forms or tapes.
To assign accounts payable companies and process levels to the reportable
income group, choose the Entities button to open the Reportable Income Group
Entities subform.
Updated Files
APTAXENT -
APTAXGROUP -
Referenced Files
APTAXENT -
APVENGROUP -
INSTCTRYCD -
AP02.2 - Reportable Income Group Entities
Use Reportable Income Group Entities (AP02.2) to assign accounts payable
companies and process levels to the reportable income group. This is a
required
step in setting up Accounts Payable for reportable income reporting. The
company
and reportable income group must have the same vendor group.
**Process at a Glance
1. Use Income Code (AP05.5) to define the income codes you want
to use to track a vendor's reportable income.
2. Use Reportable Income Group (AP02.1) to define a group that
associates a vendor group and tax identification number.
3. Choose the Entities button on AP02.1 to access Reportable
Income Group Entities (AP02.2). Use this subform to assign accounts payable
companies and process levels to the reportable income group.
4. Assign a reportable income code to a vendor class, to a vendor,
or to a reportable income invoice to track reportable income.
Updated Files
APTAXENT -
Referenced Files
APCOMPANY -
APPROCLEV -
APTAXGROUP -
AP02.3 - Process Groups
Use Process Groups (AP02.3) to define a process group. A process group
is an optional cash payment processing entity that lets you break a payment
cycle into concurrent runs. Each process group represents one or more vendors.
Without process groups, you need to complete payment and posting of the
invoices
you select for a pay run before you can select another set of invoices using
different criteria. The overall effect of concurrent processing is reduced
run time. Large organizations with high volume pay cycles will see the most
benefit from process groups.
**Process at a Glance
1. Use Process Group (AP02.3) to define a process group and code.
2. Assign vendors to a process group as you define them using
Vendor (AP10.1) or assign a group of vendors to the process group using
Process
Group Update (AP102).
**More Information
You can also use Process Group (AP02.3) to view the vendors that are
assigned to a specific process group. To list process groups and assigned
vendors that do not have a process group assigned, run Process Group Listing
(AP202).
Updated Files
APPROCGRP -
Referenced Files
APVENADDR -
APVENMAST -
AP02.4 - Income Code
Use Income Code (AP02.4) to define and maintain income codes
for a company. Income codes are used to track a vendor's taxable income,
such as 1099 reportable income, for reporting or withholding purposes.
**More Information
You can assign an income code to a vendor class in AP00.3 (Vendor
Class), to a vendor or vendor location in AP10 (Vendor), or to an
invoice in AP20 (Invoice Entry), AP30 (Invoice Maintenance), or AP45.1
(Reportable Income Adjustment). Run AP245 (Reportable Income Report)
to list reportable income that has been tracked by the application.
You can create 1099 reportable income tax forms or tapes by running
AP145 (1099 Forms Creation) or AP146 (1099 Tape Creation). Income
codes follow a system default hierarchy that ultimately assigns the
codes to invoices in AP20 (Invoice Entry).
Updated Files
APINCCODE -
Referenced Files
None.
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