1099 - Recording Non Employee Compensation
Is there any documentation available on how to process an adjustment to a 1099?
This is our first time running the 1099 process in Cloud Fusion ERP. I'm finding lots of good information on the various reports that are available and how to run them, but need some help on how to create non employee compensation for miscellaneous income. For additional context, we have contest and sweepstake winners that we need to 1099. "Payments" are made in merchandise (like furniture) or gift card, not through payables. Where and how do we capture this income for 1099 reporting?
Thank you for guidance!