QuickBooks is designed to track and report 1099 payments made to contractors, but it doesn’t automatically log or summarize the 1099 forms you receive from customers for your services, mgpearce.
For the 15-20 1099 statements you’ve received, you’ll need to manually enter the income amounts into QuickBooks. You can use an invoice for a pay-later transaction or a sales receipt if the transactions are paid immediately.
Then, create an income account or use classes/custom fields to separate and distinguish income reported on your 1099s from other income, such as non-1099 payments.
If you have additional questions about this or anything else, feel free to ask. I’m happy to help.
