How to Track 1099s for Vendors

Your FINSYNC profile allows you to track vendors for 1099s when using the Bills feature for paying a vendor.

This article will show you how to set up 1099 tracking for new Vendors and how to edit tracking for existing Vendors.

Setting up 1099 tracking for a New Vendor:

1.  Click on the Payments from the top menu.

2.  Click on Vendors in the left menu.

3.  Click New Vendor button or the "+" next to the Vendors on the left menu.

4.  After typing the vendor name and email address, click the Accounting tab

  • Click the checkbox Track for 1099
  • Enter the default category and also the EIN/SSN for the vendor
  • Click Save

 

Editing 1099 tracking for an Existing Vendor:

1.  Click on the Payments from the top menu.

2.  Click on Vendors in the left menu.

3.  Locate the vendor in the list and click on the row for the specific vendor to edit.

4. On the vendor summary screen (under Vendor tab), click the checkbox Track for 1099

5. Enter the EIN/SSN for the vendor

6. Click the Save button