Payment Analysis Codes Edit MPAL

Use this screen to enter or amend Payment Analysis Codes used in payment analysis processing.

These codes are used to correspond to the 1099 Payment Analysis Codes and require definition if Payment Analysis is in use for a company (as specified at company level). Payment Analysis may also be activated or deactivated for individual suppliers within a company which has elected to use Payment Analysis. Default Payment Analysis Codes are attached to individual suppliers which defaults at data entry time. You may also override these defaults and nominate an alternate valid Payment Analysis Code to be attached to the invoice details lines.

When the payment analysis process is run the payment amount is summarised by the payment analysis code. The results may be used to extract the details from which the US Internal Revenue Service returns can be produced if required.

NOTE 1099 Reporting is only applicable for companies that report their accounts in the United States of America. Click Here for more Information.

Creating Payment Analysis Codes

To create payment analysis codes, you must enter the following fields:

A payment analysis code
A description for the analysis code

You must indicate if the analysis code is reportable when Purchase Ledger Controls MGAB indicates that 1099 reporting is in use. It cannot be set in other circumstances. When set, you must also set:

A reporting Threshold as a value above which reporting will take place.
An IRS 1099 code.

If not described in this topic, click on a field and press F1 to view help. See Common Fields for more information.

Fast prompt allows you to quickly view a list of options for certain fields.

NOTE Field visibility can be defined by your System Administrator, so not all fields documented may be shown.

See Using the Command Line on opening the screen without going through the menu.