Set up an independent contractor in Xero so their expenses record in a 1099 form.
If you pay a non-employee more than $600 in a financial tax year, you must send a Form 1099-MISC to the IRS. By setting up a contractor in Xero, we'll make sure their expenses record to a 1099 form so you are ready to file at the end of the year.
Here's what you'll need to do:
- Add contractor to contacts.
- Set up contractor 1099 rules.
- Add contractor expense bill.
- File 1099 form.