Form 1099 electronic reporting - ability to handle 1099 records for Foreign Addresses in ACP (AGS-10995)

Benefits

Maximize the ability to comply with regulatory reporting and filing requirements.
Reduce time and effort to comply with regulatory reporting and filing requirements.

Now you are able to provide foreign addresses for 1099 electronic processing.

#	Step

#	Step
1.	In the NAM (Name and Address package) provide a foreign address for a selected Name Id. In the Country field, you can either type something in or press on the magnifying glass to select from a list of countries.

#	Usage for Accounts Payable (ACP)

#

Usage for Accounts Payable (ACP)

1.

For Accounts Payble (ACP), go to ACP > Account Processing > 1099 Electronic Reporting > Next.

The Check Foreign Address ? will be set to N by default. When set to N the (Foreign Country Indicator on the B record) will always be blank.

If Check Foreign Address ? is set to Y and the country field has a foreign address, then the (Foreign Country Indicator on the B record) will show 1.
If Check Foreign Address ? is set to Y and the country field is filled with the options below, then the (Foreign Country Indicator on the B record) will always be blank.
- US
- U.S.
- USA
- U.S.A.
- United States
- Blank