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December 14, 2018
Question

I started using QBO mid year. How do I input vendor history totals so the current year 1099 includes this history?!

  • December 14, 2018
  • 2 replies
  • 18 views
No text available

2 replies

HoneyLynn_G
Level 6
December 14, 2018

Hello there, @jeffstmc.

 

We appreciate you choosing QuickBooks Online in managing your business. I can help you input your vendor history totals to include them on this year's 1099.

 

First, let's verify if your vendors are set up and tracked for 1099, here's how:

  1. Click Expenses.
  2. Choose the Vendors tab.
  3. Click the name of the vendor.
  4. Click Edit.
  5. Make sure to put a check mark on the Track payments for 1099 box.
  6. Update other information.
  7. Click Save.

 

After that, you can manually enter their transactions with the correct dates:

  1. Click the Plus icon.
  2. Under Vendors, select the desired transaction.
  3. Enter the important details.
  4. Click Save and close.

Just a reminder that credit card transactions are not tracked for 1099.

 

That should help you prepare and file 1099s in QuickBooks Online with ease. I also have here some useful articles that you might want to check:

Keep me posted if you have other questions. I'd be happy to provide additional help. Have a wonderful day.

jeffstmcAuthor
December 16, 2018

My fiscal year starts 09/01/18.  I want to capture vendor 1099 history of payments made prior to using QBO as of 09/01 so when I print 1099s, they include totals from 01/01 - 08/31.  They are not current transactions.  I just don't see how to enter the past payments so 1099s are accurate for the entire year.  Perhaps my first question was not clear enough.  Thanks in advance for assistance.

AlcaeusF
Level 14
December 17, 2018

Hello jeffstmc,

 

Welcome to the Community. I'm here to assist you with recording prior 1099 payments.

 

You can record prior 1099 payments by entering them as an expense in QuickBooks Online.

 

Here's how:

  1. Click the Plus (+) icon in the upper-right corner.
  2. Below Vendors, select Expense.
  3. Choose the vendor.
  4. Select the Bank/Credit account.
  5. Enter necessary information.
  6. Click Save and close.

For more information about the process, you can visit this article: How to enter, edit, or delete expenses.

 

Please let me know if you need any additional assistance concerning the payments. I'll be around to help you out.

 

November 8, 2019

How would you resolve this same issue with Quickbooks Desktop?