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1042 Reporting

  • 24 February 2022
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Is there a solution in Acumatica for tracking payments to foreign vendors for US Sourced Income? Or anything that helps with 1042 reporting?

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Best answer by vkumar 25 February 2022, 03:13

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Hi @mswartz 

There is no out of the box report available for 1042 reporting. One may build a custom GI/report to retrieve the details based on country from vendor billing address. 

You may post a request on our ideas page as well. (https://community.acumatica.com/ideas)

Regards,

Thank you for the reply, Vijay! Do you know if there is a way to track the payments needing reported? I noticed there is a FATCA box on vendor profiles, but it’s linked to 1099s, so maybe that isn’t it.

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