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Level 1

In the chart of accounts, how should American Express Working Capital Terms Program be set up? Specially since they make payments directly to vendors.

Our accountant set it up as a credit card, but this is incorrect as credit card charges are excluded from 1099s.
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Level 12

It could be argued that this constitutes a "third party p...

It could be argued that this constitutes a "third party payer" and that Amex is responsible for issuing 1099-k to your contractors https://www.irs.gov/payments/third-party-network-transactions-faqs but that answer may be beyond our expertise since it is ultimately a tax question. If your accountant is your tax CPA they may be correct.

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