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1099 Adjustments

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Is there a way to make 1099 adjustments in SAP? For example, a supplier begins the year as an LLC and in July, he becomes INC and we processed payments under the same supplier number as the LLC. Is there a way to back out the amounts from July through December for 1099 purposes? Is there a particular T-code that I can use to make these adjustments?

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manoj_vm_desai
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Hi Cathy,

There are some programs provided by SAP for adjusting values or withholding tax codes of 1099 vendors. (RFWT0010 and RFWT0020).

Check these links for more information:

https://wiki.scn.sap.com/wiki/display/ERPFI/Report+RFWT0010

https://blogs.sap.com/2014/01/24/1099-misc-changing-tax-code/

Thanks

Manoj