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Level 1

1099 vendor payments not accurate because I started Quickbooks midyear

I started using Quickbooks in the latter part of the calendar year (August). Now that I'm starting to think about mailing 1099s to vendors, I realize that all payments made to vendors  during the calendar year prior to when I started using Quickbooks won't be included on their 1099s. How do I rectify that issue? 

 

I called and spoke with someone earlier, who suggested I manually add the checks in the expense section under the appropriate vendor. She mentioned to be sure to enter the appropriate check date. However, when I do that, it throws my bank balance off, because they're linked, even if I do put that the check date is prior to August. Thanks for your help!

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Community Champion

1099 vendor payments not accurate because I started Quickbooks midyear

Not sure how you entered your beginning balances for mid year, but you will need to edit that bank acct to reflect the payments you are now entering in order to keep the checkbook balanced.

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