VENDORS - General Tab

General information fields / annual CRA reporting

User Defined Fields

• Notes - contents will appear in the Purchase Order header for this Vendor:

• Buyer - this information displays on all new Purchase Orders for this Vendor, by default

• Reference also an internal reference field, can be used for sorting in Filters and reports

• select Report Type for CRA reporting

• • 1099 for non-employee compensation
  • T4A for taxable income from pensions, retiring allowances, annuities or other income
  • T5018 for subcontractors in the construction industry
    • The Contract Payment Reporting System (CPRS) is regulated by CRA and requires construction businesses to record payments they make to sub-contractors for construction services and report them at the end of the year
      • setup of reporting year and your Company account number is in Edit > Company Settings > Payroll > Contractor tab
    • set the Identification Type
      • EIN - Employer Identification Number
      • SSN - Social Security Number
      • Business Number
      • Social Insurance Number
    • set the Identification number