To: Management Council Members, VPs of Finance, and Business Managers
From: Shared Services Center
Area: Accounts Payable
Reason: 1099 Timeline
Date: December 13, 2022
Please find the timeline for this year’s 1099 processing below. Note in the timeline that on 01/19/23, we will be sending each college a spreadsheet to review and verify with us prior to printing on 1/30/23. Please be prepared for this review and make the necessary arrangements as we will need your response no later than 01/24/23. The only thing needed from each college prior to that time is information regarding any deceased employees and their related information.
| 2022 1099 TIMELINE | |||
| START | END | DURATION | TASK |
| 01/03/23 | 01/04/23 | 2 | Run reports and build spreadsheet |
| 01/05/23 | 01/09/23 | 3 | Review vendor classifications |
| 01/10/23 | 01/16/23 | 5 | Process preliminary adjustments |
| 01/17/23 | 01/18/23 | 2 | Run and review duplicate & mismatch reports; Process adjustments from review; Process special adjustments |
| 01/19/23 | 01/19/23 | 1 | Re-run reports; build SS for college review; email for verification |
| 01/24/23 | Due date for college response | ||
| 01/25/23 | 01/26/23 | 2 | Make college adjustments |
| 01/27/23 | 1 | Run reports and update spreadsheet | |
| 01/30/23 | 1 | Print/stuff/mail | |
| 01/31/23 | 1 | Transmit to IRS - FIRE | |
