Objective: Create a vendor record for a consultant and configure them for 1099 reporting.
1. Navigate: Go to Lists > Entities > Vendors and click New (+).
2. Enter Basic Info:
◦ Name: “Smith Consulting Group”
◦ Vendor Number: “SMITHCON”
◦ AP Account: Select your Accounts Payable control account.
3. Configure Compliance: Click to expand Business & Account Information.
◦ Check the 1099 Vendor box.
◦ Enter a dummy Federal Tax ID (e.g., 12-3456789).
◦ Set 1099 Category to “Non-employee Compensation.”
4. Save: Click Save. Verify the yellow confirmation banner appears.