Appendix: Deposit Year-end Reports Balancing |
  
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Navigation: Year-end Processing > Deposit Year-end >
Appendix: Deposit Year-end Reports Balancing |
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Three separate reports are needed for balancing the year-end 1099-INT information generated by GOLDPoint Systems to verify your year-end reporting information is correct:
•One of either the 1099-INT Customer Information, Numeric, Alpha, or Social Security reports (FPSDR150)
•The 1099-INT IRS Tape Totals Report (This is not an optional report.)
•The 1099-INT Exception Report (This is not an optional report.)
The following example illustrates interest balancing:
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Note
You should be able to balance the total to the YTD total interest posted from the Deposit system. To do this, you can run a GOLDWriter to pull in the total YTD interest using the field DMYITL (Prior YTD Interest). Run this on the live (online) set, not the monthend set. |
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See the following example of these three reports and the totals that should add up together:
