added
Contractor Payment Type - 03/25/2024
8 months ago by Aditya Lalchandani
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-NECreimbursement
- 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.