added

Contractor Payment Type - 03/25/2024

We've introduced a type field on Contractor Payments. type will determine the type of payment that's being made to a contractor, and will reflect its inclusion/exclusion in the Form 1099-NEC.

  • regular - All reportable payments on the Form 1099-NEC
  • reimbursement - All non-reportable payments on the Form 1099-NEC

All existing contractor payments in our app now have their type set to regular. Moving forward, our users can choose the payment type in the API and UI when creating/updating contractor payments. Additionally, type will default to regular when not specified.

The contractor payment type will be highlighted in the payment summary report, and it'll also be shown on every page in the UI that shows contractor payment details.