1099 Initialization Dialog Box

Use the 1099 Initialization dialog box to clear out and store 1099 data from the previous year and start accumulating 1099 data for the new year.

Location

To display the dialog box, complete the following step:

From the Vision Navigation menu, click Utilities > 1099 Initialization.

Contents

Field	Description
Most recent 1099 initialization run	This field displays the date and time of the most recent 1099 initialization.
Total paid to vendors this year (this will become the new 1099 amount)	This field displays the total amount in the Paid This Year field on the Accounting tab of the Vendor Info Center, for all vendors in your database.
Total in the 1099 amounts fields now	This field displays the total amount in the Paid Last Year field on the Accounting tab of the Vendor Info Center, for all vendors in your database.
Initialize	When you click the Initialize, Vision makes the following changes on the Accounting tab of the Vendor Info Center for each vendor: Moves the Paid This Year amount to the Paid Last Year field. The Paid Last Year amounts serve as the basis for Form 1099 processing. Sets the Paid This Year amount to zero.