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Episode 187: Documents and Validations When Setting Up US Non-Profit Vendors
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Since US Non-Profit vendors are not reportable on the 1099-MISC or the 1099-NEC, you may be tempted to not collect the usual vendor setup forms or record their tax id or perform validations. Best practice is that you do. In this episode, I will talk about forms to collect and the validations to perform for Non-Profit vendors.
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Check out my website www.debrarrichardson.com if you need help cleaning your vendor master file or implementing authentication techniques, internal controls, and best practices to prevent fraudulent payments.
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