A 1099 vendor is a vendor for whom you must report payment for services to the Internal Revenue Service (IRS). All reporting of 1099 information must be in accordance with Internal Revenue code.
The following are categories of 1099 vendors that may need to receive a 1099:
1099 Trade Vendors - Trade vendors are people and companies outside of your agency who provide goods and services to your agency. Trade vendors are primarily engaged in providing the goods and/or services typically purchased by your agency.
1099 Non-Trade Vendors - A non-trade vendor is a vendor to whom payments are made for other than purchased goods or services. For example, awards are typically made to non-trade vendors.
Global implementation maens when an ERP is implemented for any company which has its presence worldwide and ERP is implemented for that company across the globe.
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Edited by: Saurabh Agarwal on Jun 6, 2008 11:09 AM