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1099 - Issuing 1099's to a Supplier whose Payments are sent to a Factor

edited Jan 6, 2020 10:22PM in Payables, Payments & Cash Management 2 comments

Summary

1099 - Issuing 1099's to a Supplier whose Payments are sent to a Factor

Content

My AP Department has come up with a scenario that I haven't seen before.  They have one 1099 supplier whose payments are sent to a factor.  The income belongs to the supplier.  They should get the 1099, but they won't have $600 worth of payments.

If you've encountered this scenario then how did you handle it?

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