(USA) Post a vendor payment journal and generate a 1099 OID report
Important
This content is archived and is not being updated. For the latest documentation, see Microsoft Dynamics 365 product documentation. For the latest release plans, see Dynamics 365 and Microsoft Power Platform release plans.
Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012
Use the Journal voucher form to pay the vendors of debt instruments, such as bonds or other financial instruments, that have an original issue discount (OID). When the debt instrument reaches maturity, you can settle the payment with the vendor and generate the 1099 OID report.
Click Accounts payable > Journals > Payments > Payment journal. In the Journal form, click Lines.
In the Account field, select the vendor account.
In the Debit field, enter the amount to be paid to the vendor when the debt instrument matures or when the vendor makes an early withdrawal.
In the Offset account type field, select the bank account type for the vendor payment.
In the Offset account field, select the bank account number.
Click Functions > Settlement to open the Settle open transactions form.
Select the Mark check box to select each vendor invoice to be paid.
Close the form to save your changes.
Click Validate > Validate to validate the journal.
Click Post > Post to post the journal.
Close the forms to save your changes.
Click Accounts payable > Common > Vendors > All vendors.
Double-click a vendor line and then click 1099 > Vendor settlement for 1099's to open the Tax 1099 summary form.
In the From date field, select the starting date for the 1099 OID report.
In the To date field, select the ending date for the report.
Click Print to print the vendor 1099 OID report.
See also
(USA) About year-end 1099 reporting