1099 Reporting - The Special G/L Indicator Gets a New Use in Release 4.7

  • by Martin Ullmann, President, DAP Consulting
  • October 15, 2003
In the many years I have been consulting in the FI area, almost every U.S. client I have worked with has had a common issue - 1099 MISC reporting. The question they have had is how to deal with data outside their SAP system that is subject to 1099 MISC reporting.

In the many years I have been consulting in the FI area, almost every U.S. client I have worked with has had a common issue — 1099 MISC reporting. The question they have had is how to deal with data outside their SAP system that is subject to 1099 MISC reporting.

The good news is that starting with Release 4.7 (Enterprise), they can post that data directly in their R/3 system via a commonplace data entry field that has a new use — the special G/L indicator.

The Generic Withholding Tax Reporting program (new as of Release 4.7) now allows the selection of vendor invoices posted in SAP R/3 both with and without a special G/L indicator (Figure 1). Now, why would you want to post a vendor invoice with a special G/L indicator merely for a 1099 tax report?

Martin Ullmann

Martin Ullmann is president of DAP Consulting, which specializes in public sector industries. He has more than 12 years of experience with SAP R/3. His main area of expertise lies in the FI/CO
area, with focus on new components, integration, enhancements, and business process improvements.

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