To designate a general ledger (G/L) account as a 1099 account, a 1099 category will need to be set within Bill.com. While this 1099 category for the account won't sync to Sage Intacct, the 1099 value at the line item level of a bill will carry over into Sage Intacct if:
- The vendor the bill is for has been designated as a 1099 vendor
- The bill for the 1099 vendor is coded to a G/L account that has a 1099 category selected for it in Bill.com.
To set the 1099 category on a chart of account:
- Select Settings
- Select Chart of Accounts under Accounting
- Select the account name
- Select the edit icon
- Set the appropriate 1099 category:
- Box 1: Rents
- Box 2: Royalties
- Box 3: Other Income
- Box 4: Federal Tax Withheld
- Box 5: Fishing Boat Proceeds
- Box 6: Medical Payments
- Box 7: Nonemployee Compensation
- Box 8: Substitute Payments
- Box 9: Direct Sales
- Box 10: Crop Insurance Proceeds
- Box 13: Excess Golden Parachute
- Box 14: Gross Proceeds to Attorney
- Select Save
- Sync again
Things to know
If the vendor is a 1099 vendor and the G/L account used on the bill doesn't have a 1099 category set, based on your AP configuration for 1099 in Sage Intacct it will either:
- Enable 1099 flag override is set to true: sync over without the 1099 flag flipped
- Enable 1099 flag override is set to false: produce a sync error stating a 1099 value for the G/L is required
