Discussions
NSC | Credit Card Payments Excluded from 1099 Reports
Scenario
A user needed to confirm why vendor bill payments made through a credit card do not appear on the 1099 reports, even when the vendor is marked as 1099 eligible.
The user wanted to know whether this behavior can be handled through a saved search and how to track these payments for review.
Solution
NetSuite standard 1099 reporting automatically excludes payments made through a credit card from 1099 MISC and 1099 NEC calculations. This behavior follows IRS reporting rules.
A saved search can be used to review vendor payment activity, but it should not be used to change or override 1099 reporting logic.
To track vendor bills paid by credit card, a Transaction saved search can be created for reference purposes.
Judy Culanding | RPM | New to NetSuite
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