Vendor Tax Information

This information is used for creating and filing 1099s and is used on the Vendor List and vendor transaction reports.

All transactions will default to the 1099 box number entered here, but the box number can be changed on the individual transactions.

Enter vendor tax information

1. Select Vendors, then Vendors from the Purchasing & AP menu. The Vendors window opens.

2. Click the  icon for the vendor whose tax information you want to edit, and the Edit Vendor window opens.

3. Click on the Tax Info tab, and it's displayed. Example

4. Click  Edit Tax Information, and this window opens.

5. Complete the fields as described.

• Tax Name: Enter the vendor's legal name used when filing taxes.

• Tax Number: Enter the organization's FEIN or SSN.

• 1099 Box Number: Leave blank if the vendor won't receive a 1099, or select the income type from the pull-down list. Note: The income type determines which type of 1099 is generated for the vendors whose payments exceed the payment threshold set for reporting. If Nonemployee compensation is selected AND payments exceed the payment threshold, this vendor will receive a 1099-NEC rather than a 1099-MISC.

• Received W9: Select from NOT Received or Received.

6. Click Save, and you're returned to the Tax Info tab with the tax information displayed. Example

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