Review 1099 Invoices
Run payment Report
Processing 1099s is a top priority for accounts payable (AP) managers at the beginning of each year. In most companies, the IT department reviews Oracle’s Metalink for the new annual AP patches (made available in November/early December to reflect 1099 reporting changes required by the Internal Revenue Service [IRS] for that tax year). The AP managers then extract the data for the current tax year and file that data in the updated format.
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