To: Management Council Members, VPs of Finance, and Business Managers
From: Shared Services Center
Area: Accounts Payable
Reason: 1099 Timeline
Date: December 7, 2021
Below, please find the timeline for this year’s 1099 processing. Please note in the timeline below that on 01/19/22, we will be sending each college a spreadsheet to review and verify with us prior to printing on 1/28/22. Please be prepared for this review and make the necessary arrangements as we will need your response no later than 01/24/22. The only thing needed from each college prior to that time is information regarding any deceased employees and their related information.
| 2021 1099 TIMELINE | |||
| START | END | DURATION | TASK |
| 01/03/22 | 01/04/22 | 2 | Run reports and build spreadsheet |
| 01/05/22 | 01/10/22 | 4 | Review vendor classifications |
| 01/11/22 | 01/14/22 | 4 | Process preliminary adjustments |
| 01/17/22 | 01/18/22 | 2 | Run and review duplicate & mismatch reports; Process adjustments from review; Process special adjustments. |
| 01/19/22 | 01/19/22 | 1 | Re-run reports; build SS for college review; email for verification |
| 01/24/22 | Due date for college response | ||
| 01/25/22 | 01/26/22 | 2 | Make college adjustments |
| 01/27/22 | 1 | Run reports and update spreadsheet | |
| 01/28/22 | 1 | Print/stuff/mail | |
| 01/31/22 | 1 | Transmit to IRS - FIRE | |
