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How do I manage contractors in Found?

How do I manage contractors in Found?

Found makes it easy to manage contractors that your business hires, pay them for their services, and track those payments to make creating 1099s at the end of the tax year effortless. You can find Contractor Management on mobile by navigating to the Business tab and tapping Contractor Management or on Desktop from the Contractors page.

To create a contractor, follow these steps:

  1. Tap Add Contractor on the Contractor Management page.

  2. Choose a contact in your contact list or tap Create New Contact to add a new contact.

    1. If adding a new contact, include their name, phone, email, and address to get started. You can also add their business name and banking details.

  3. Once you’ve added a contractor, be sure to request or add their W-9 information.

Once you’ve added contractors, you can pay them from Found and track each payment. Paid a contractor outside of Found? Add the payment as a bookkeeping record and mark it as a 1099 payment.

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*Found is a financial technology company, not a bank. Banking services are provided by Piermont Bank, Member FDIC. The funds in your account are FDIC-insured up to $250,000 per depositor for each account ownership category.

The Found Mastercard Business debit card is issued by Piermont Bank pursuant to a license from Mastercard Inc.

The information on this website is not intended to provide, and should not be relied on, for tax advice.

Direct deposit funds may be available for use for up to two days before the scheduled payment date. Early availability is not guaranteed.