VendSettlementTax1099.updateIRSReportable Method
Updates the IRSReportable value for the current vendor and Tax1099Box.
Syntax
public void updateIRSReportable()
Run On
Called
Remarks
For certain Tax 1099 Boxes a minimum amount is required before transactions must be reported to the IRS. This minimum amount applies to the sum of all transactions per vendor and Tax1099Box. This method checks the current sum for the vendor/tax1099Box and updates the IRSReportable value accordingly. That is, if the sum of transactions is less than the minimum amount, all transactions are unmarked. If the sum of transactions is equal to or more than the minimum amount, all transaction are marked.