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41 Support |
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1099's for Vendors: Cause Uncle Sam Needs A Brand New Bag*Sing to the tune of James Brown/Papa's Got A Brand New Bag* It is that time of the year again so come here all you HOA managers (managaaaz), Sammie's in the swing... Our vendors who dig this crazy scene and have accumulated payments in excess of a specific dollar amount (usually $600 - Don't play him cheap cause you know he ain't shy) are required to report the income on their taxes cause 'Ol Sammie ain't too hip about that new breed thing... It's the law so we issue them the 1099's for their services and TOPS v3.2.1™ can help with this task so it ain't no drag... TOPS v3.2.1™ can do all of this for us, WOO HOO, Sammie's got a brand new bag... He's doing the twist just like this: By going to AP, Vendors, select the vendors that need to receive a 1099, enter their social security or taxpayer ID number and check the 1099 box. Hey! Hey! If that was already done when you set up your vendors for the first time, you can proceed directly to Year End and run the 1099s right from there so jump back jack. All you have to do is prepare the work file just like this: Enter the dollar limit you are requesting as the reportable qualification, then press <ENTER> and TOPS v3.2.1™ will automatically review all of your vendors histories that were identified as requiring a 1099 and then offer you the opportunity to print 1099s using the standard IRS forms. Hey! Hey! If you have any questions about 1099s, The thing's Like the Boomerang, call the support line at 1-800-899-5689. Hey Come on He's uptight Come on See you later alligator.
Our Support Technicians are always happy to help you with all
your support needs. You can contact TOPS Support Department at (800)
899-5689, or e-mail to support@topssoft.com.
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