Field Description - Vendor Tax Withholding Option

The Vendor Tax Withholding Option specifies if taxes must be withheld for a vendor.

Tips:

• This field is informational only.

• To enter a tax withholding amount for a vendor, typically you enter a negative amount for 1099 Code 09 (federal) or Code 10 (state) during invoicing.  The A/P Post Payments routine updates the Vendor Payment Amount YTD for the 1099 Code (or the Calendar Paid Amount YTD) with the negative amount.

Where-Maintained:  Vendor Master Maintenance

Format:  Yes/No