Type

This field defaults to the 1099 type specified for this vendor (in AP Vendors); may be overridden.

If 1099 amounts are to be included when printing 1099s or creating 1099 electronic files (AP 1099 Processing), you must specify a 1099 type of “MISC” (Miscellaneous Income), “INT” (Interest Income), or “DIV” (Dividends/Distributions).

Note:

If you are using 1099 types only for informational or reporting purposes, any type is acceptable.

Canadian users

See Type for the Canadian field definition.