Now that the holiday season is behind us, it’s time to prepare for the next best—or worst—time of year: tax season.
The best way to avoid unnecessary stress when filing your taxes is to have all your revenue and expenses available in a clear and organized setup. As a Payza member, you can rest assured that all your important transactions and revenue you made using our payment gateway are neatly recorded and always available.
Here’s an overview of how you can access your transaction history from your account and have important tax information at your fingertips.
Review and download your transaction history
Your financial records are all accounted for in your detailed transaction history. This section of your account lists every transaction that you’ve made since you opened your Payza account. Don’t split hairs trying to find a specific transaction from way-back-when. Simply search for a given transaction by transaction type, currency, transaction status, reference number, or date.
How to review your detailed transaction history
1) In your Payza account, click “Account” in the navigation bar to the left.
2) Click on “Detailed Transaction History”.
You may want to enter important transaction data to a spread sheet or share this information with a trusted tax professional. No problem: you can download your transaction history and save it as a CSV file, making it easy to import this information to most accounting and tax applications.
How to download your transaction history
1) In your Payza account click “Account” in the navigation bar to the left then click “Detailed Transaction History”.
2) Click “Download CSV”.
3) Choose to either “Open” or “Save” the file to your computer.
Hey, America: Need a 1099-K?
Are you a merchant from the United States? No worries, Payza will send your required Form 1099-K to report your online business income. Before the end of January, you will receive a notice from us once you log in to your Payza account to download a .pdf file of the tax form.
What is a 1099-K?
Specific to the Internal Revenue Service of the United States, Form 1099-K reports income received from electronic payments, such as credit cards, debit cards, Google Checkout, Payza and other online payment gateways.
The two certainties in life are death and taxes. At Payza, we do our best to make the latter easier to accept.