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What if the payment is to the individual that sued you. I have the payment to the attorney under legal but which account should I use for payment to the individual?
I am in the middle of 1099'ing and realized it shouldn't be under legal for their 1099.
If the payment is to an individual, not a law firm, which account would you use? There were separate payments, a payment to the attorney, which I recorded to Legal but the payment to the individual shouldn't be recorded as legal. This matters for 1099 purposes, as I don't want the payment to the individual appearing as Legal.
So do I need to post the attorney's settlement to 'Professional Fees - Legal Fees'? and the ex employee payments to Other Expense under Settlement? Do I need to record a JE to the Balance sheet to record these payments as it will be for a total of one year we will be making payments to the ex employee and his attorney.
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