Jenzabar recommend all clients follow the Generate 1098-Ts process on a quarterly basis to identify possible data problems and correct them before the final reports are sent to the IRS.
From the Accounts Receivable module, you can prepare and generate 1098-T tax reports using the Generate 1098-T window. From this window, you can also print 1098-T forms and create magnetic media files that can be sent to the government for filing.
The outline below identifies the steps required to review and generate the 1098-Ts.
Review your control definitions
Extract data and generate 1098-Ts
Analyze and correct the data
Re-generate the 1098-Ts
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Jenzabar recommend all clients follow the Generate 1098-Ts process on a quarterly basis to identify possible data problems and correct them before the final reports are sent to the IRS. |
1098-T Magnetic Media Control Window