Invoice Approval for 1099/592/1042S and Sales/USE Tax Exemptions
- Heather Rutkowski
To view the income code / CCOA / Invoice in full:
Actions -> Edit -> *Expand Lines
To edit the income code:
Invoice Actions -> Approval -> Withdraw-> Save -> go to Income Tax Type and Edit -> Invoice Actions -> Approval -> Resubmit (us will need to wait a few moments before you can approve)
US Individual or US Company reporting codes
Rent – MISC1
Royalties – MISC2
Other Income/Human Subjects/Fellowship/Living Allowance – MISC3
Medical Services – MISC6
Service – MISC7
Foreign Induvial or Foreign Company – DAU/AR
Foreign income tax codes
10 - Industrial Royalties = Inventor Royalty
12 - Other Royalties = Copyrights (software, play, music)
16 - Scholarship or fellowship grants
17 - Compensation for independent personal services
23 - Other income (Prize/Award/Other/Human Subject)
42 - Earnings as an artist or athlete-no central withholding agreement
43 - Earnings as an artist or athlete-central withholding agreement
Watch for Wire payments, TRN should be listed. If PO invoice and under 10k you can approve, if over 10k Kevin, Heather B, or Yvonne will need to force approve. Non-PO wires will all need to be forces approved by Kevin, Heather B, or Yvonne.