| Reasons for Payment (tfcmg0130m000) |  |
| Use this session to maintain the reasons for payments to foreign business partners. You can also use reason codes for 1099-MISC Income payments. Note If you have started this session by zooming, you can only find or select a record. Related topics Reason for payment 1099-MISC reporting
Fields | Description
Reason for Payment | Enter a code for a reason for payment for foreign payment. Example SERV: Services DG: Delivered Goods
Valid for 1099-MISC Filing Purposes | If this check box is selected, the payment reason code is used for 1099-MISC Income payments, which must be reported annually to the United States government. The payment reason codes are checked in the 1099 Box Numbers (tfcmg1115m000) session and the Reasons for 1099 Box Numbers (tfcmg1116m000) session to determine if the codes can be assigned to a 1099 box number. When these reason codes are associated to a purchase invoice or a standing order, the related payments are included in the 1099-MISC Income reporting for that year. Related topics To set up 1099-MISC reporting
Reason for Services | For payments with a reason code for which this check box is selected, additional information (the so-called W record) is included in the German DTAZV file for foreign payments. In Germany, this information is legally required to report the payment for the service to the German Federal Bank.
Use Additional Description | If this check box is selected, you can add an additional description to the reason for payment.
Default Additional Description | The default additional description that ERP LN uses for purchase invoices that have a reason for payment to which additional descriptions are linked. If you wish, you can change the additional description code when you maintain the purchase order or create the bank files. If you select the Use Additional Description check box, you can select a default additional description.
Commands | Description
Print Reasons for Payments | Starts the Additional Description by Reason (tfcmg0131m000) session, which you can use to define or select the additional description of the selected reason for payment.