We are a freight broker company. I paid factoring companies, but need to issue the 1099 to the carrier (vendor). How can I do so?

I can show you how track your vendor payments for 1099, we ship it llc.

When you enter a vendor profile, you can check the Track payments for 1099 box. Here's how: 

1. Go to the Expenses menu and select Vendors.
2. At the upper-right, click New vendor or select the vendor's name if you have created them already.
3. Enter the vendor details and scroll down to the Vendor Information screen until you see the Track payments for 1099 checkbox.
4. Click Save.

If you need to file both a 1099-MISC and 1099-NEC, see the following article on how to modify your chart of accounts: How to modify your chart of accounts for your 1099-MISC and 1099-NEC filing.

Let me know if you still have questions about tracking your payments to 1099 vendors by leaving a reply below. I'm always glad to help in any way I can. Have a great rest of the day!

I am sorry.  I don't think I am being clear.  By way of example, we owed USA Transport $1,000.00, but they assigned those funds to Truckstop, so we are required to pay Truckstop instead.  Even though we pay Truckstop, we must issue the 1099 to USA Transport.  I have all of USA Transport's information in Quickbooks, but it does not appear I can generate a 1099 because no payments were actually made in their name.  Is there any way to generate a 1099 for USA Transport where I can manually input $1,000.00?  Thank you!

Hello there, we ship it llc.

We appreciate for getting back to us and providing additional details to clarify your concern.

The system requires us to follow the information and steps provided in this article to generate the 1099 form in your QuickBooks.

We're unable to generate figures without payments associated with the vendor. We need to set up a contractor/vendor and assign the transactions to their name. QuickBooks is only based on how you entered the transactions to the contractor's names. 
 

Still, I'd recommend following the flow given in the articles below. They provide details about setting up contractors and tracking payments to generate the 1099 form.

• Set up a contractor in Quickbooks Online
• Create and file 1099s using QuickBooks Online.

Please know that we're here if you have more concerns about QuickBooks forms. We're glad to help. Take care and stay safe, we ship it llc.