SAP > Administration > System Initialization > Opening Balances > 1099 Opening Balance
- Leave the Vendor “From / To” fields Blank or Click “Select All” (this will allow you to choose all vendors)
- Choose “All” for the Vendor Group
- Click “OK”
4. Click in “Vendor Code” or the “Vendor Name” Field – Use Circle to the right to choose the Vendor
- a. The other field will auto populate
5. Tab to “Posting Date” and enter the Date you want the Opening Balance to be posted
6. Tab to “1099 Form” and choose the Form from the Drop Down Menu
7. Tab to “1099 Box” and Choose the appropriate Box from the Drop Down Menu
8. Tab to the “Amount” and enter the Opening Balance for that Vendor
9. Continue until you’ve completed the 1099 Opening Balance entries
10. Choose “Update” when complete