How do I track a 1099 payment made outside of Found?
Paying contractors with cash, check or other methods outside of Found is a common occurrence for many business owners. When payments like these are made, it’s important to make sure you add those details to Found so that 1099s issued at the end of the year reflect these payments too. To accomplish this, follow these steps:
On Mobile
Tap the Activity icon at the bottom of the screen.
Click the + button and tap ‘Enter expense manually’
Select ‘Contractor services’ as the category.
Enter the payment details, including the amount and, in the Purchased From field, the name of the contractor.
Tap the newly created expense and then tap the ellipses icon.
Tap ‘Mark as 1099 payment’ and choose the contractor to associate the payment with.
On Desktop
Navigate to Activity in your Found account.
Click ‘Add Income or Expense and choose ‘Enter expense manually’ from the menu.
Select ‘Contractor services’ as the category.
Enter the payment details, including the amount and, in the Purchased From field, the name of the contractor.
Click the newly created expense and then click the ellipses icon.
Click ‘Mark as 1099 payment’ and choose the contractor to associate the payment with.
for the self-employed
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