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Small Business
Payments Spotlight
Fall 20171Bank of America Merchant ServicesWith so much at stake, small businesses must adapt
to changes in the way customers shop and pay
Running a successful small
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What is payments spotlight?
Payments spotlight is a report that highlights payment information for a specific period of time.
Who is required to file payments spotlight?
Any individual or entity that has made payments within the specified period may be required to file payments spotlight.
How to fill out payments spotlight?
To fill out payments spotlight, one must provide detailed information about the payments made during the reporting period.
What is the purpose of payments spotlight?
The purpose of payments spotlight is to provide transparency and accountability regarding financial transactions.
What information must be reported on payments spotlight?
Information such as the payee, amount, date, and purpose of the payment must be reported on payments spotlight.
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