US 1099 - Identify Checks and Debit Card activity on bank accounts
Debit card transactions are not needed to be reported on 1099s. When using bank feeds in checking accounts it does not distinguish debit card vs check. I suggest there be a option to identify debit card vs checks so the debit card activity is not automatically added the the 1099 reporting.
8
votes
Maryanne Rosselle
shared this idea
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Brittany Reuschlein
commented
I would expand on this option in two primary ways. First for a way to distinguish Card, Check, ACH, and Cash. Secondly, that we could set the source when importing or reconciling the transactions. Currently the only way to change this source is by going into each individual transaction which is wildly inefficient.