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Level 2

I think I'm using Enter BIlls Wrong - Payments show up twice in 1099 Detail

I recently started using the Enter Bills module to track when I receive an invoice from a vendor, and then when I pay it.

 

However, now that I am working on taxes, I've noticed that all of these transactions are showing up on the 1099 Detail. They show up as the accounts payable item as well as the check payment. So all of my 1099 information is double what it should be.

 

How am I supposed to enter this type transaction to ensure it is shown correctly on my reports?

 

Thanks in advance!

Solved
Best answer January 29, 2020

Best Answers
Moderator

I think I'm using Enter BIlls Wrong - Payments show up twice in 1099 Detail

Hello dear, J_P_A. I'm here to help you clear things out.

 

What you did is right! When we receive an invoice from the vendor, we'll have to enter bills and pay them using the pay bills transaction as you do.

 

A bill transaction will debit the AP( Account Payable). Basically, the 1099 Detail report will show as account payable since you're making payments to your vendor. So every time you create a bill, it will automatically show what account is being affected on that transaction.

 

Also, if you mean that you're getting double amount in the 1099 Detail report, QuickBooks records the original amount which means recording the total amount that we should pay to our vendor. In the Paid Amount column, it shows the partial payment amount. Then, in the Balance column is your remaining balance to your vendor.

 

Get back to me if you have more other questions. I'm just right here to provide you more information on how the 1099 reports work. Take care!

View solution in original post

2 Comments
Moderator

I think I'm using Enter BIlls Wrong - Payments show up twice in 1099 Detail

Hello dear, J_P_A. I'm here to help you clear things out.

 

What you did is right! When we receive an invoice from the vendor, we'll have to enter bills and pay them using the pay bills transaction as you do.

 

A bill transaction will debit the AP( Account Payable). Basically, the 1099 Detail report will show as account payable since you're making payments to your vendor. So every time you create a bill, it will automatically show what account is being affected on that transaction.

 

Also, if you mean that you're getting double amount in the 1099 Detail report, QuickBooks records the original amount which means recording the total amount that we should pay to our vendor. In the Paid Amount column, it shows the partial payment amount. Then, in the Balance column is your remaining balance to your vendor.

 

Get back to me if you have more other questions. I'm just right here to provide you more information on how the 1099 reports work. Take care!

View solution in original post

Level 2

I think I'm using Enter BIlls Wrong - Payments show up twice in 1099 Detail

I will have to take another look at the report. The first account I looked at had a total quite a bit higher than I expected, so I assumed it was double due to the accounts payable entries. I may be wrong, though. This will certainly make 1099s easier if this report is accurate!

 

Thanks for the help!

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