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Can I print out Forms1099s for vendors when I import payments via ACH? Entries are imported as a journal entry with more than one line entry If not, how do I correct?

 
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QuickBooks Team

Re: Can I print out Forms1099s for vendors when I import payments via ACH? Entries are imported a...

Thanks for reaching out to us, paultheffner.

 

Let me help you print 1099 Forms for you vendors in QuickBooks Desktop.

 

Payments made with a credit card or payment card are not subject to reporting on Form 1099-MISC. You can create a Journal Entry and enter a credit for the Bank and a debit for two different expense account that is mapped for 1099 for two different vendors tagged as 1099 vendor. 

 

This way, you'll be able to run and print a report for your vendors 1099 Forms in QuickBooks Online (QBO).

 

Here's how:

  1. Go to Plus icon.
  2. Click Journal Entry.
  3. Enter the necessary information.
  4. Click Save.

Now you can start preparing your 1099-MISC in QuickBooks. You can follow the steps provided below:

  1. Go to Workers.
  2. Click Contractors.
  3. Click Prepare 1099s.
  4. Click Let's get started.
  5. Follow the screen instructions.
  6. Click Next until you reached the File window.
  7. Choose the option I'll file myself to print the form.
  8. If you're contended with setup, click Yes, looks good!.
  9. Click Next.
  10. Click Done.

You may want to keep this article handy for your reference when preparing 1099s in QBO: Prepare and file 1099s.

 

That should do it. If you have any follow-up questions about printing 1099's in QBO, just let me know. I'd be happy to help you some more.

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