cancel
Showing results for 
Search instead for 
Did you mean: 
OfficeMgr3336
Level 3

Tracking Subcontractor Materials for 1099

Hi there! I have a question about tracking our subcontractor time and material for our annual 1099s. We have two accounts associated with subcontractors - Subcontractors (time) and Subcontractors (material). Right now, Subcontractors is the only account that is associated with 1099s. When we create the 1099s, QB asks us about the Subcontractor Material, but we have to manually add it as opposed to it keeping track throughout the year (I hope I'm explaining this right!). 

 

How do I link both of our subcontractor accounts to the 1099 tracking for each year? Thank you!!

Solved
Best answer January 23, 2020

Best Answers
Adrian_A
Moderator

Tracking Subcontractor Materials for 1099

We'll have to map the accounts you've used for the two entries to link them to their 1099, OfficeMgr3336.

 

You can do this by going to the 1099 Wizard window. Let me guide you with these steps:

 

  1. Click Vendors at the top menu.
  2. Select Print/E-File1099s, and then select 1099 Wizard.
  3. Click Get Started.
  4. Select your vendors, and then Continue.
  5. Click Continue.
  6. In the Show 1099 accounts drop-down, select Show all accounts.
  7. Map the accounts you've used. Make sure they have the same box number.
  8. Click Continue, and then Save & Close.

 

Afterwards, you can run the 1099 Detail Report to show these information. Here's how:

 

  1. From the Vendors menu, select Print/E-File1099sPrint/E-File1099s.
  2. Select 1099 Detail Report.
  3. Click the Customize Report button.
  4. In the Display tab, select Item, and Item Description.
  5. Click OK.

 

There you have it, OfficeMgr3336. I'm just around the corner if you have additional concerns in mapping the accounts.

View solution in original post

4 Comments 4
Anna S
QuickBooks Team

Tracking Subcontractor Materials for 1099

Good afternoon, @OfficeMgr3336.

 

You can set up Contractors in QuickBooks Desktop to track your payments, so year-end filings are a breeze. Since you have two subcontractors, both accounts will have to have 1099s if you've paid them $600 or more within a given year. I've included the steps below:

 

  1. Click Vendors, then Vendor Center.
  2. Choose a Vendor and press Edit  ✎.
  3. Select the Address Info tab and make sure all the information listed is correct.
  4. Pick the Tax Settings tab and check the Vendor eligible for 1099.
  5. Enter the Vendor's tax identification number in the Vendor Tax ID field and hit OK.

Now your Contractors will be able to receive their 1099s. You can also check out this article about setting up contractors for more information.

 

Feel free to drop a line below if you have any other questions. I'm always here to help.

OfficeMgr3336
Level 3

Tracking Subcontractor Materials for 1099

Hi Anna,

 

Thank you so much for responding to my inquiry! I'm still needing help, though - I have no issues tracking my subcontractors eligibility for 1099, it's that when we go to run our 1099 report it only picks up on Subcontractors NOT Subcontractor's material - we separate our sub's labor and time in 2 different accounts.

 

I hope this makes more sense and I can certainly elaborate if need be!

Adrian_A
Moderator

Tracking Subcontractor Materials for 1099

We'll have to map the accounts you've used for the two entries to link them to their 1099, OfficeMgr3336.

 

You can do this by going to the 1099 Wizard window. Let me guide you with these steps:

 

  1. Click Vendors at the top menu.
  2. Select Print/E-File1099s, and then select 1099 Wizard.
  3. Click Get Started.
  4. Select your vendors, and then Continue.
  5. Click Continue.
  6. In the Show 1099 accounts drop-down, select Show all accounts.
  7. Map the accounts you've used. Make sure they have the same box number.
  8. Click Continue, and then Save & Close.

 

Afterwards, you can run the 1099 Detail Report to show these information. Here's how:

 

  1. From the Vendors menu, select Print/E-File1099sPrint/E-File1099s.
  2. Select 1099 Detail Report.
  3. Click the Customize Report button.
  4. In the Display tab, select Item, and Item Description.
  5. Click OK.

 

There you have it, OfficeMgr3336. I'm just around the corner if you have additional concerns in mapping the accounts.

View solution in original post

OfficeMgr3336
Level 3

Tracking Subcontractor Materials for 1099

Thank you SO much - this was so helpful!! I really really appreciate it!!!

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

Need to get in touch?

Contact us