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Victoria_M
October 17, 2022
Question

1099 Report Shows on Accrual but not Cash Basis

  • October 17, 2022
  • 7 replies
  • 29 views

When I run 1099 reporting, it only shows amounts when Accrual option is on. Nothing shows when it's on Cash basis.

7 replies

FateCandylaneTQuickBooks Team
QuickBooks Team
October 17, 2022

Hello, @Victoria_M.

 

Thank you for reaching us here in the Community. I'll provide information about the amounts shown on your 1099 report.

 

It might be that the transactions on bills are still unpaid, which explains why they show on an accrual basis.

 

Follow the Accounts Payable (AP) process in paying bills to show cash basis transactions. Reports must fall within the date range when the bills have been paid.

 

You may also check the filter and make sure to modify the required details before running the report.

 

For more information about your 1099 report concerns, please refer to these articles:

 

If you have any other questions about running your 1099 reports, let me know by adding a comment below. Have a great day.

Victoria_MAuthor
October 17, 2022

There are payments made through "Expense" and via Bills. I understand why accrual shows the billed amount. I don't understand why Cash basis doesn't show amounts paid via "Expense".

GebelAlainaMQuickBooks Team
QuickBooks Team
October 18, 2022

Hello there, @Victoria11_2. Thank you for getting back to the thread. Let me add some details about the accruals and cash basis and how it will affect the reports.

If you're using the Accrual method, you'll record the income and expenses when you send the invoice or receive the bill. In the reports, the accrual method counts income and expenses regardless of if the invoice or bill was paid or not. Then the income or expense amount will show on the report even if the money hasn’t changed hands yet.

On the other hand, if you're using the Cash method, you'll record income and expenses at the time you actually receive a payment or pay a bill. And in the report, will only count income and expenses once you get a payment or pay a bill. So if you sent an invoice or got a bill but the money hasn’t changed hands yet then, the income or expense amount will not b included on the report.

You can refer to this article for more details: Choose between cash and accrual accounting methods in QuickBooks Online.


I've also added the following articles for more details about customizing and running reports in QuickBooks Online:
 

Feel free to post a reply if you have clarification or additional information about the accounting method or if you have any other QuickBooks-related concerns. I'll be here for you. Keeps safe!

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