Bill.com + 1099 Reporting: Complete Workflow
Preparing for 1099 reporting and using Bill.com? Businesses issuing 1099s need to verify contractor payments against bank statements. Manually cross-referencing PDFs with payment records is time-consuming and error-prone. BankScan AI bridges the gap between your bank's PDF statements and Bill.com's import feature.
BankScan AI → Bill.com for 1099 Reporting
Convert bank statement PDFs to CSV formatted for Bill.com import. Convert bank statements to Excel to quickly filter and identify all contractor payments, verify 1099 amounts, and ensure IRS compliance before January filing deadlines.
How It Works
Upload your bank statement PDF
Supports all major banks. Upload Full calendar year (January 1 to December 31), as 1099-NEC and 1099-MISC are reported on a calendar year basis of statements.
AI formats for Bill.com
Output as CSV with N/A — Bill.com is AP/AR software. Use BankScan AI data to verify that Bill.com-initiated payments cleared the bank correctly. — dates in MM/DD/YYYY (for reference).
Import and use for 1099 reporting
Upload into Bill.com and use the reconciled data for 1099 reporting.
Supported Banks
BankScan AI works with all major UK and US banks, including:
Bill.com + 1099 Reporting Features
- Bill.com ready — Output formatted as CSV matching Bill.com's expected column structure
- Smart integration — Cross-reference BankScan AI bank data with Bill.com payment records to catch failed payments, duplicate charges, and timing differences between payment initiation and bank clearing.
- Built for 1099 Reporting — Convert bank statements to Excel to quickly filter and identify all contractor payments, verify 1099 amounts, and ensure IRS compliance before January filing deadlines.
Import for 1099 Reporting into Bill.com
After converting your bank statements for 1099 reporting:
- Bill
- com doesn't import bank statements directly
- Use BankScan AI CSV output to reconcile Bill
- com payment records against actual bank debits and credits in your accounting software
Common Import Issues
No direct import. Common reconciliation issue: Bill.com batches multiple payments into single ACH debits — use BankScan AI's date and amount data to match batch totals.
Bill.com Import for 1099 Reporting
1099-NEC due to contractors and IRS by January 31; late filing penalties range from $60 to $310 per form depending on how late, up to $630 for intentional disregard
Convert for Bill.com + 1099 Reporting