When maintaining addresses in an AP system, should we keep both a remittance address and a compliance address?

Follow

I’m not sure we understand what you mean by compliance address. Do you mean the state address to send the 1099 to?  If that’s what you meant, I would say no, not in the vendor file. Suggest you keep a separate file with all the state reporting addresses (or all the ones you need).  

As for the vendor, sometimes you have two vendor addresses: a main address and a specific remit-to address in the vendor record. I would think the main address would be the one to mail the 1099 to. We are not familiar with a vendor “compliance” address.


Have more questions? Submit a request

Comments