If you already have recipients in Payable, you can can import their 1099 Tax Form box-data by referencing the recipients by their ID, and just providing relevant Box information.
This process supports 3 types of ID references:
Let’s look at an example of how this could work:
A company has 5 vendors already in Payable, and each will be receiving a 1099-MISC with Box 7 values. To create an import file for this scenario, one could simply use one of the 3 IDs as a column, and the box column. Our import would look like this:
How does this work? We look up the recipient by the ID and pull in all their existing information, then create the 1099-MISC form with the appropriate box amounts.
$0.99 per payment