JD Edwards EnterpriseOne 1099 Year End Processing 2012

This one-day course is for customers using the JD Edwards EnterpriseOne Accounts Payable module. This course covers the setup and processes required for successful 1099 reporting. Participants will learn how to set up 1099 Address Book records, configure the setup for either the General Ledger or Accounts Payable Ledger method of reporting, create 1099 workfiles, and generate year-end forms, reports and electronic filing requirements.

Learn To:

• Describe the 1099 year-end process
• Define the 1099 setup requirements
• Manage the Accounts Payable Ledger method
• Perform year-end reporting
• Define the General Ledger method

A Live Virtual Class (LVC) is exclusively for registered students; unregistered individuals may not view an LVC at any time. Registered students must view the class from the country listed in the registration form. Unauthorized recording, copying, or transmission of LVC content may not be made.

Audience

• Application Developers
• Functional Implementer
• System Analysts
• End Users

Course Topics Overview of 1099 Processing

• Describing features of Accounts Payable 1099 processing
• Describing the process flow of 1099 processing
• Identifying tables used in 1099 processing

Setting up supplier information

• Setting up 1099 supplier records in the JD Edwards EnterpriseOne Address Book system
• Setting up additional address book information
• Validating supplier information

Setting up company information

• Describing the company address book record
• Combining company information for 1099 reporting

Configuring the Accounts Payable method

• Setting up user-defined codes for the Accounts Payable ledger method
• Assigning category codes to vouchers
• Defining the 1099 flag

Building the 1099 A/P worktable

• Describing the 1099 worktable
• Clearing the 1099 worktable
• Building the 1099 worktable

Adjusting the A/P worktable

• Describing the Enter A/P Workfile Adjustment program
• Adjusting the 1099 A/P worktable

Using the G/L method

• Describing the G/L method for 1099 processing
• Defining AAIs for the 1099 G/L method
• Updating the Account Ledger table
• Preparing the G/L worktable

Preparing 1099 returns

• Describing the year-end reporting process
• Verifying the accuracy of 1099 records
• Generating 1099 forms
• Processing magnetic media and electronic files

Course review
Course Objectives

• Set up supplier information
• Set up company information
• Configure the Accounts Payable (AP) ledger method
• Build the 1099 AP worktable
• Enter AP Workfile adjustments
• Use the 1099 General Ledger method
• Prepare 1099 returns