Is there a solution in Acumatica for tracking payments to foreign vendors for US Sourced Income? Or anything that helps with 1042 reporting?
Answer
1042 Reporting
Best answer by vkumar
Hi
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,
Hi
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,
VijayKumarU
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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