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Join nowHello tloesing,
Thanks for giving us a lot of information.
Since you've already entered the correct ending balance (when you started QuickBooks Desktop), we won't be able to show the $500 expense amount on the 1099 form (previously entered in the old system). If you'll enter the transactions, it'll affect the bank's balance. However, you might find one of these options helpful.
I also suggest asking for more help from your accountant. They know what will be the best thing to do so you can generate 1099 forms.
If you have any questions, please let us know.