The 1096 Prep report displays the totals of returns from 1099 vendors throughout the year. Either all Legal Entities or only Legal Entities with 1096 balances can be selected for this report to provide your organization the option of choosing the most valuable layout of your information.
Navigation
The My Reports search bar can be used to search R365's entire catalog of reports.
- Open the Reports app.
- Navigate to My Reports.
- Enter all or part of the report name in the search bar.
- The Results tab will open with the list of search results.
- From beneath the report name, click Run to run the report with the selected report view.
-OR-
Click Customize to adjust the report parameters and run the report.
Report Parameters
Field/Column | Description |
|---|---|
Year | The year the form is ran for. |
Include Legal Entities With 0 Balances | This will either include only legal entities that have 1096 balances or all legal entities, respectively. |
Run Button | Runs the report. Users can also send, export, or print the report directly from this button by clicking the down arrow portion and selecting the desired action. |
Report Details
Field/Column | Description |
|---|---|
Legal Entity | The legal entity name. Legal entity names will be repeated if they utilize more than one 1099 form type. |
1099 Form | The 1099 form type used by the legal entity. |
Box 3 - Count | The number of unique combinations of tax ID and 1099 form from a legal entity with a Box 4 or 5 amount greater than $0.00. |
Box 4 - Federal Tax Withheld | The total of the Box 4 amount for the specified 1099 form type and for all included vendors. |
Box 5 - Total Amount | The total amounts of the boxes for the specified 1099 form type and for all included vendors:
|
Tax ID Warnings* | The number of vendors included in the report that have tax IDs of less than 9 digits. |
Excluded Vendors** | The number of vendors that are excluded from 1099 processing, as noted on their vendor record. |
Email, Export, or Print the Report
This report can be emailed, exported, or printed in custom formatting directly from the reporting window. Learn more about how to send, export, or print this report.
