Creating income codes
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Select .
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Click Create.
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Specify a Vendor Group, Income Code, and Description.
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Specify this information:
- Form Type
- Specify the type of tax form that is created when creating 1099
Tax Forms or Tapes.
- Nonemployee Compensation
- Miscellaneous
- Interest
- Dividends
- Government
Payments
- Merchant Card And
Third Party
- Foreign
Person
- Box Number
- Specify the tax form box number that is used to print a vendor's
accumulated reportable income. Each form has corresponding boxes for
various types of income.
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Click Save.