The System Options (SOPT) table controls the behavior of the system on a global level. These options may specify certain defaults or rules. Others may specify the type of accounting model to be implemented for disbursements, specific business rules to apply to disbursements, and parameters for the implementation of the business rules. These options are specified during the initial setup of Advantage Financial.
The following System Options fields are critical to tax reporting:
Option/Control |
Description |
Multiple 1099 Reporting Payees |
When checked indicates whether or not the system will allow multiple 1099 Reporting Payers and/or transmitters. |
Reporting Payer |
The 1099 Reporting Payer indicates the party who is paying for services for which the 1099 forms and magnetic media that is being submitted to the IRS. The default is blank but this field is required if the Multiple 1099 Reporting Payers check box is not selected. |
For more information about the System-wide Options and Controls (SOPT) table, refer to the "System Options" topic in the CGI Advantage - Financial Administration User Guide.