cancel
Showing results for 
Search instead for 
Did you mean: 
Nazmul09
Level 1

Bill Payments not showing up in 1099 transactions

Hi there

When i try to see the 1099 transaction report the vendor bill payments are not showing up there, they meet the requirements : minimum transaction, track for 1099 checked, bill paid with check. But other expenses are showing up in the 1099 report. Could someone help? TIA

Solved
Best answer January 28, 2021

Best Answers
Rea_M
QuickBooks Team

Bill Payments not showing up in 1099 transactions

Hello there, @Nazmul09.

 

Thanks for the complete details you've provided above. This way, I can guide you on the actions you need to take care of the issue.

 

Pulling up 1099 reports lets you see the following information in QuickBooks Online (QBO):

  • Vendors you set up for 1099s.
  • Payments to those vendors that you need to report to the IRS.
  • Payments you don’t need to report because a financial institution reports them for you.

 

You can start fixing your 1099 transactions by checking the expense account you used for the bill payments. You'll have to open the payments and make sure to map them to the right account. To do this, you can pull up the Transaction List by Vendor report from the Reports menu.

 

After that, map the payments to the boxes that represent the type of payments you made. Let's go pull up the 1099 report through the Prepare 1099s option. Here's how.

  1. Go to the Expenses menu.
  2. Select Vendors.
  3. Click Prepare 1099s.
  4. Choose Let’s get started or Continue your 1099s.
  5. Follow the steps to prepare 1099s. The report you’re looking for is on Step 4: Review - Check that the payments add up.

 

After that, you can also run the 1099 transaction report again from the Reports menu. This is to check that the payments are recorded accordingly.

 

I'm also adding this article to learn more on what to do if you need help when creating your 1099s in QBO: 1099 Summary Reports. It also includes related topics to effectively monitor vendor transactions.

 

You're always welcome to comment below if you have other 1099 concerns in QBO. I'm just around to help. Take care.

View solution in original post

3 Comments
Rea_M
QuickBooks Team

Bill Payments not showing up in 1099 transactions

Hello there, @Nazmul09.

 

Thanks for the complete details you've provided above. This way, I can guide you on the actions you need to take care of the issue.

 

Pulling up 1099 reports lets you see the following information in QuickBooks Online (QBO):

  • Vendors you set up for 1099s.
  • Payments to those vendors that you need to report to the IRS.
  • Payments you don’t need to report because a financial institution reports them for you.

 

You can start fixing your 1099 transactions by checking the expense account you used for the bill payments. You'll have to open the payments and make sure to map them to the right account. To do this, you can pull up the Transaction List by Vendor report from the Reports menu.

 

After that, map the payments to the boxes that represent the type of payments you made. Let's go pull up the 1099 report through the Prepare 1099s option. Here's how.

  1. Go to the Expenses menu.
  2. Select Vendors.
  3. Click Prepare 1099s.
  4. Choose Let’s get started or Continue your 1099s.
  5. Follow the steps to prepare 1099s. The report you’re looking for is on Step 4: Review - Check that the payments add up.

 

After that, you can also run the 1099 transaction report again from the Reports menu. This is to check that the payments are recorded accordingly.

 

I'm also adding this article to learn more on what to do if you need help when creating your 1099s in QBO: 1099 Summary Reports. It also includes related topics to effectively monitor vendor transactions.

 

You're always welcome to comment below if you have other 1099 concerns in QBO. I'm just around to help. Take care.

View solution in original post

Nazmul09
Level 1

Bill Payments not showing up in 1099 transactions

Hi @Rea_M ,

Thank you for your reply. I noticed that when selecting prepare 1099 –> continue with 1099 and then step 2 : select accounts i wasn't selecting the proper account for which the transactions weren't showing up. When tried the proper account they showed up. Thanks again!

MorganB
Content Leader

Bill Payments not showing up in 1099 transactions

Hey there, Nazmul09.

 

Thanks for following up on this thread with those additional details.

 

I'm so glad to hear you were able to successfully see the 1099 transactions in question in your QuickBooks Online account. Sharing info and experiences like this can help people in this space more than you know.

 

If you ever need assistance, I invite you to check out these video tutorials or this article for more info about bill payments.

 

You're always more than welcome to post here with any questions you may have as well. Myself and the rest of the Community have your back. Take care!

Need to get in touch?

Contact us
Sign in for the best experience
Ask questions, get answers, and join our large community of QuickBooks users.
Sign In / Sign Up