Administrators who use the Calculus Vendors Module can select income types paid to foreign vendors, foreign entities and/or individual vendors (eg. independent contractors).
Set Vendor Income
1. Login to your administrator account.
2. Navigate to the Settings yab on the left hand side
3. Click on the Vendors Settings section.
4. Automatic emails
Institutions can set up automated activation or login emails to be sent to vendors upon registering them manually, in bulk, or both. You can select a template to be sent automatically, ensuring consistent and timely communication.
Additionally, you can set automatic emails to be sent when 1042-S forms are issued to the foreign vendors or when an account is approved by an admin.
Info: During the onboarding phase, leave these options blank until your emails are ready to go. Don't forget to return to the settings and update your preferences once your emails are prepared.
Success: You can create and customize email templates to fit your institution's needs. Please see, Email Templates
5. Select the relevant income types you expect to pay foreign vendors and choose whether you'd like to grant the ability to vendors to deselect income codes not relevant to them
Once you set the Vendor Income Settings, click Save on the top right corner.