Don’t Let Vendor Setup Become a Year-End Headache
When it comes to filing 1099s, the end of the year is not the time to discover that you're missing tax IDs or W9s. One of the smartest things you can do for your business is to set up vendors properly from the very beginning.
Here’s What Proper Vendor Setup Looks Like:
Collecting a W-9 before the first payment
Entering the vendor’s legal name, address, and tax ID accurately in your system
Marking the vendor for 1099 tracking (if applicable) before you pay them
Doing this proactively not only saves you time, it also protects you from last-minute scrambling, IRS penalties, and reporting mistakes.
A Little Setup Now = A Lot Less Stress Later
If you’re unsure whether your vendor list is set up correctly or you’re already feeling behind on 1099 prep, we can help.
Get in touch for support with vendor setup, W9 collection, and smooth, accurate 1099 reporting. This is exactly the kind of financial clarity we help small business owners build all year long.
BookWise Bookkeeping
Phone 314-325-2478
info@bookwisestl.com
