---
title: "Reportable payment"
description: "Reportable payment — A payment that may need a Form 1099 — generally one to a non-corporate US payee, in the course of the payer's business, for services, rent or other listed items, over the form's threshold. Payments made by card or through a third-party network are excluded, because the processor reports them on Form 1099-K."
canonical: "https://lopifi.com/glossary/reportable-payment"
---

# Reportable payment

> Reportable payment — A payment that may need a Form 1099 — generally one to a non-corporate US payee, in the course of the payer's business, for services, rent or other listed items, over the form's threshold. Payments made by card or through a third-party network are excluded, because the processor reports them on Form 1099-K.

Source: https://lopifi.com/glossary/reportable-payment
Part of: Lopifi — Planned: US GAAP books on autopilot, checked by a CPA (https://lopifi.com)

---

**What is reportable payment?** In accounting, reportable payment means a payment that may need a Form 1099 — generally one to a non-corporate US payee, in the course of the payer's business, for services, rent or other listed items, over the form's threshold. Payments made by card or through a third-party network are excluded, because the processor reports them on Form 1099-K.

## Words this system refuses for it

- any payment to a vendor
- 1099 vendor

- **Category:** Payables
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/lexicon)
- **Rendered by:** [tax-form-tracker](https://lopifi.com/md/components/tax-form-tracker)
- **Related:** form-1099-k, payee, payer