cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Active Member

I dont have the option in my quickbooks to reflect that am a 1099 to track my expenses

Hi there,

 

So I just signed up a few hours ago for simple start quick books online, and I already have a massive issue. Im an independent contractor (1099) but there is no option in my profile  to show this as my tax form. The problem is that when im sorting through my bank transactions to categorize my expenses there are important categories missing like Grooming. I think these are missing because the profile is showing me as a W2. How do I get it to reflect that I am the independent contractor which is also my business since the state of California makes you obtain a business license after making $600 or more? Please give any and all advice as my quarterly business taxes are due ASAP.

3 Comments
QuickBooks Team

Re: I dont have the option in my quickbooks to reflect that am a 1099 to track my expenses

Hi soulstargurl,

 

It looks like you have set up yourself as an employee, which is the reason why the option is not showing up in the tax form. You can follow these steps to set up a vendor and track it for 1099:

  1. On the left panel, click Expenses.
  2. Select the Vendors tab, and click New Vendor.
  3. Enter the vendor information, and check the Track payments for 1099 box.
  4. Click Save.

Then, set up the Grooming account, so it shows in the categories:

  1. Click Accounting on the left menu, and select Chart of Accounts.
  2. Click the New button.
  3. Select the Account and Detail Types.
  4. Enter the Name and Description.
  5. Click Save and Close.

Once done, you can start creating vendor transactions and then prepare the 1099 form.

 

Here's how:

  1. Go to Expenses, and click the Vendors tab.
  2. Click the Prepare 1099s button.
  3. Click Let's get started.
  4. Follow the on-screen instructions to prepare the 1099 form.

You can also check this article for your reference: 1099 FAQs.

 

Please let me know if you have any other questions about QuickBooks. Thanks.

Active Member

Re: I dont have the option in my quickbooks to reflect that am a 1099 to track my expenses

The thing is I never set myself up as an employee, i think the sales person did when they were signing me up? Should i be using quick books self employed? How do i switch from the one i currently have? I don’t need to set up a vendor because i am the business who files a 1099. So I’m confused about how to get it to realize that I myself am the entity that needs to be recognized as a business who files 1099.

QuickBooks Team

Re: I dont have the option in my quickbooks to reflect that am a 1099 to track my expenses

Thanks for getting back with us, @soulstargurl.

 

The steps given by my peer @RenjolynC, is available only for QuickBooks Plus.

 

Since you mentioned that you're an independent contractor and is using QuickBooks Simple Start, all you have to do is to invite yourself as a contractor.

 

Here's how:

  1. On the left panel, hover your mouse to Workers, and click on Contractors.
  2. Click on Add Contractor.
  3. Fill in the Name and Email Address.
  4. Click on Add Contractor.

You'll then receive an email which will route you to QuickBooks Self-Employed to create your own 1099. 

 

Feel free to read these articles about 1099:

If you have other concerns, please leave a comment below. I'll be here to assist you.