Tax 1099 Process

Description:

Tax 1099 Setup

Legal Entities: Tax 1099 section >>> Federal Tax
Bank Accounts: Used for 1099 Payment
1099 fields: Update Minimum amount reportable per 1099 box
All Vendors: Tax 1099 section & Vendor State Tax IDs

How Tax 1099 works

• Post Vendor Invoice
• Vendor settlement for 1099s

Update Transaction reportable

Update 1099
Update 1099 Information for Multiple Vendors

Print 1099 Report

Vendor settlement for 1099s >>> Print

Submit 1099 to IRS

Vendor settlement for 1099s >>> Create Export File