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 will not sync to Sagee 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 does not 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
If you do not see the described feature available in Bill.com, you may not have access to the feature based on permissions for your role and/or your plan does not have this feature. If you wish to get access to the feature, please review the available plans for Bill.com and upgrade accordingly or contact the Administrator of your Bill.com account. Changes in monthly user fees may apply.
