Benefits
You can now mask the taxpayer's federal id number on Accounts Payable Disbursements. The last 4 digits of the federal id number will appear and the rest will be masked (XXX-XX-1234This feature reduces the time and effort required to accurately comply with reporting requirements for medical and health care payments reported (in box 6 of Form 1099-MISC).
Description
There is a new field called “Remit to Federal ID (Masked)” available for both text based and graphic A/P Check Forms, A/P Remittance Forms, and Patr Refund Check FormsAny vouchers created with a voucher type where the 1099 distribution type is set to “4) Medical and Health Payments” will be reported in box 6 on your 1099-MISC forms when they are generated. This applies to both printed and electronic forms.
Navigation - Usage
ACP > Form Manager > A/P Check Forms, A/P Remittance Forms, Patr Refund Check Forms
Text Forms
...
Graphic Forms
...
Setup Information > Voucher Types
Enter a new, two character, voucher type for medical and health care payments.
Set the 1099 Distribution Type to “4) Medical And Health Payments.”
