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

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).


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