Vendor Management

Introduction

Accounts Payable enrolls Foreign and Domestic vendors into our payment system.

We are responsible for filing 1099-MISC & 1099-NEC tax forms to each individual or business to whom the University has paid $600 or more, in reportable payments, during the tax year.

Below is a list of common 1099-MISC & 1099-NEC reportable payments per the IRS:

• Rents

• Services from nonemployees

• Prizes and awards

• Medical and healthcare payments

• Payments to an attorney

• Royalties (at least $10 in royalties)

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