re: 1099 reporting on escrow accounts

Mike Dupaix

VIP Member
re: 1099 reporting on escrow accounts

Alida,

What are you attempting to track? Is this a mortgage escrow? How are you splitting the receipt information when a payment is made? What do you need to report on a 1099. Interest earned on the escrow balance?

Additional information will help clarify what you're attempting to accomplish.

> here's a financials question for all of you apps folks!

how do you set up an escrow account in JDE so that 1099 processing is done
correctly? the AP team would like to cut a check to the escrow account, but
need it to be associated with the vendor's tax ID.

any ideas on the correct way to do set this up? thanks!--alida
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