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laurapoch
Level 1

How do you indicate an account has 1099 vendor payments?

I use QB online
Solved
Best answer February 16, 2020

Best Answers
MarsStephanieL
QuickBooks Team

How do you indicate an account has 1099 vendor payments?

Hello there, laurapoch.

 

You can map the accounts to 1099 box 7. Before that, you have to make sure that you have to set up the Vendor's information correctly. That will avoid the future issue of not appearing on the 1099 reports.

 

Here's how to map your accounts:

 

  1. Go to Expenses and click Vendors at the top. 
  2. Click on Prepare 1099s at the top-right corner. 
  3. If this is your first time using the 1099 Wizard, click the "Let's get started" button. Otherwise, click on the "Continue your 1099s" button. 
  4. You'll see the Review your company info page first. Confirm your details and click Next
  5. The next page is where you can check the account mapping. 

 

Also, you can learn more about the whole process of preparing your 1099s in QuickBooks Online through this article: Prepare and file 1099s.

 

Do you have questions in mind? Let me know by dropping a comment below. Glad to be of assistance. Have a good one.

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3 Comments
MarsStephanieL
QuickBooks Team

How do you indicate an account has 1099 vendor payments?

Hello there, laurapoch.

 

You can map the accounts to 1099 box 7. Before that, you have to make sure that you have to set up the Vendor's information correctly. That will avoid the future issue of not appearing on the 1099 reports.

 

Here's how to map your accounts:

 

  1. Go to Expenses and click Vendors at the top. 
  2. Click on Prepare 1099s at the top-right corner. 
  3. If this is your first time using the 1099 Wizard, click the "Let's get started" button. Otherwise, click on the "Continue your 1099s" button. 
  4. You'll see the Review your company info page first. Confirm your details and click Next
  5. The next page is where you can check the account mapping. 

 

Also, you can learn more about the whole process of preparing your 1099s in QuickBooks Online through this article: Prepare and file 1099s.

 

Do you have questions in mind? Let me know by dropping a comment below. Glad to be of assistance. Have a good one.

View solution in original post

Wendi
Level 2

How do you indicate an account has 1099 vendor payments?

the article says no electronic payments?  We have paid via debit card online to contractors and vendors, they don't get a 1099? I knew paypal and credit cards weren't included but this surprised me

katherinejoyceO
QuickBooks Team

How do you indicate an account has 1099 vendor payments?

Thanks for joining in this thread, @Wendi. To clarify, the article said you won't see payments that you made electronically to contractors (such as by credit card, etc.).

 

It's because these are reported for you by the credit card company, bank, etc. I'd recommend you verify the year and threshold to see if they qualify for 1099. It's located above the Name column of your contractors. 

 

For future reference, read through this article: Invite a contractor to add their own 1099 tax info. It will guide you on how to gather your contractor's W-9 info. 

 

Let me know if you have additional questions. We're always around to help. 

 

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