AP02.4 - Income Code
Use Income Code (AP02.4) to define and maintain income codes
for a company. Income codes are used to track a vendor's taxable income,
such as 1099 reportable income, for reporting or withholding purposes.
**More Information
You can assign an income code to a vendor class in AP00.3 (Vendor
Class), to a vendor or vendor location in AP10 (Vendor), or to an
invoice in AP20 (Invoice Entry), AP30 (Invoice Maintenance), or AP45.1
(Reportable Income Adjustment). Run AP245 (Reportable Income Report)
to list reportable income that has been tracked by the application.
You can create 1099 reportable income tax forms or tapes by running
AP145 (1099 Forms Creation) or AP146 (1099 Tape Creation). Income
codes follow a system default hierarchy that ultimately assigns the
codes to invoices in AP20 (Invoice Entry).
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File created: Thu Jun 09 11:08:07 2016
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