WC Vendors is a plugin for WooCommerce that allows you to easily create a marketplace system that provides a way for users to be assigned as a vendor on certain products and receive a commission on each sale that is made.
Our integration with WC Vendors will aggregate all of the commission payouts for the tax year that are marked as "Paid" for each user. If a user reaches $10 in total payouts at the end of the year, we'll automatically generate the data you will need in order to file a form 1099-MISC in an export file.
During the year, you'll be able to see total amounts that have been paid to your vendors so you can be ready to file a form 1099-MISC for them. This makes the filing process much easier for you and your vendors.
Note: The way that WC Vendors records payments on your site is by using the date and time that the commission was earned (i.e. when a sale was made), and not when a payout was made. We can't adjust for this in any way. Generally, you need to report actual payments made on a form 1099-MISC, and not unpaid commissions. Because of this, it is especially important that users relying on this plugin for payouts take note of any payouts made at the beginning or end of the year to ensure the totals that we report are accurate.
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