Exempt Option for 1099: Vendors

Currently, BB uses a logical setting to determine if a vendor is 1099 or not. However, this binary either Yes/No is not sufficient to locating vendors that *should* be 1099 and are not because some vendors are exempt from receiving a 1099 MISC income form (non-profit, publicly traded etc).

Could the table be updated to include “Yes”, “No”, “Exempt”? In this manner, we can run a created query to see what vendors have not been properly configured, and limit potential fines (huge) by the IRS for not providing income information when needed.

  • Jim F
  • Aug 18 2021
  • Needs review
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