What are the best practices for booking Shareholder disbursements in Acumatica? Should this be thru AP as Vendor payments?
HI
Then do it as a straight vendor Bill, you can offset to their own account as well:
Yes, I am cutting a check or ACH transfer.
I am not sure if this is a 1099 related transaction.
Hi
Are you actually cutting a check for them?
It could be handled as a Vendor Payment or you could do a journal entry. If you are doing just a journal entry, they can have their own account on the chart of accounts and you can do topsided journal entries.
A Vendor Payment would keep everything in Acumatica for accounting purposes however.
Someone can correct me if I’m wrong but this should fall under one of the boxes for 1099 payments
Actually, it looks like we are currently gathering feedback for implementing the 1099-INT
Reply
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.