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Yuliyas
Level 1

1099 MISC into 1099 NEC on QB Pro 2019 desktop

Hello, 

 

Im seeking for a help with remapping or creating 1099 NEC instead of old 1099 MISC. My report shows all payments under 1099 MISC…. Anybody can guide me how to make that change? 
Thanks

Solved
Best answer January 24, 2022

Best Answers
ShiellaGraceA
QuickBooks Team

1099 MISC into 1099 NEC on QB Pro 2019 desktop

Thanks for getting back to us, @Yuliyas.

 

I'll share the steps on how you can remap your 1099 vendors. You can either create a journal entry to move amounts to show in the newly created 1099-NEC or 1099-MISC accounts or edit existing payments to the new accounts. Here's how.

 

 

First, create a 1099 Summary report to identify the amounts paid and which account.

 

  1. Go to Reports, then select Vendors & Payables.
  2. Choose either 1099 Summary or 1099 Detail.
  3. Use the 1099 Summary to identify the vendors and the 1099 Detail to identify the transactions. Review the totals to determine what amounts may need to be moved. Important: Once you edit your accounts or payments, your previous reports will update and not reflect prior year filings. You may want to print these reports for your records before making any adjustments.

Next, create a journal entry to move the payments.

 

  1. Go to Company and choose Make General Journal Entries.
  2. Fill out the fields to create your journal entry. Make sure your debits equal your credits when you’re done.
  3. Click Save & Close or Save & New if you have more entries to make. Repeat this process for each payment you need to move.

 

Once done, you are ready to begin filing your 1099-MISC and 1099-NEC forms.

 

For more information about the steps, check out this guide: Modify your chart of accounts for your 1099-MISC and 1099-NEC filing.

 

Also, you can read about our 1099 FAQs at this link: Create and file 1099s with QuickBooks Desktop.

 

Don't hesitate to leave a comment below if you have follow-up questions or concerns with 1099 mappings. I'm here to help. Take care and have a good one.

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5 Comments 5
MonicaM3
Moderator

1099 MISC into 1099 NEC on QB Pro 2019 desktop

Hello @Yuliyas.

 

I’d be happy to help you with remapping your 1099s for NEC reporting.

 

  1. Go to Vendors, then select 1099 Forms, then Print/E-file 1099 Forms.
  2. Select Get started for the 1099 NEC form.
  3. Choose the vendors that need a 1099 form and select Continue.
  4. Verify the vendor information is correct. You can edit any incorrect information by double-clicking on the section that needs updating. Select Continue.
  5. Map the vendor payment accounts. Go to the drop-down in the Apply payments to this 1099 box section. Select the account you want to link the payment to. If any boxes are gray, they are mapped to the other 1099 form. You only map accounts to one 1099 form. When complete, select Continue.
  6. Review your payment information for exclusions. For more information on what can be excluded see What payments are excluded from a 1099-NEC and 1099-MISC? Select View Included Payments or View Excluded Payments to see detailed reports. Select Continue.
  7. Review the vendors and amounts you're going to report. Select Continue. Note: If you want to see the vendors who don't meet the IRS threshold, select View Summary Report.
  8. Choose whether to print 1099s or e-file.

 

For additional information on creating and filing 1099s in QuickBooks Desktop, click here

 

Let me know if you have any additional questions about your 1099s or anything else. I’m here to help any time!

Yuliyas
Level 1

1099 MISC into 1099 NEC on QB Pro 2019 desktop

Thank you MonicaM3, its not where I got stuck…. I was looking for a help with remapping or removing old 1099 MISC into new 1099 NEC. 
Your answer helps to creat NEW NEC or MISC account. My problem is I have paid to a few vendors to their OLD 1099MISC accounts and need help to migrate/ reallocate all those payments into 1099 NEC account. If you run it on reports, File 1099 under vendors, you cant modify it to NEC. 

Yuliyas
Level 1

1099 MISC into 1099 NEC on QB Pro 2019 desktop

Moreover, Im seeking for the solution on how to remap 1099 MISC ( box 7) into 1099 NEC box 1? 

ShiellaGraceA
QuickBooks Team

1099 MISC into 1099 NEC on QB Pro 2019 desktop

Thanks for getting back to us, @Yuliyas.

 

I'll share the steps on how you can remap your 1099 vendors. You can either create a journal entry to move amounts to show in the newly created 1099-NEC or 1099-MISC accounts or edit existing payments to the new accounts. Here's how.

 

 

First, create a 1099 Summary report to identify the amounts paid and which account.

 

  1. Go to Reports, then select Vendors & Payables.
  2. Choose either 1099 Summary or 1099 Detail.
  3. Use the 1099 Summary to identify the vendors and the 1099 Detail to identify the transactions. Review the totals to determine what amounts may need to be moved. Important: Once you edit your accounts or payments, your previous reports will update and not reflect prior year filings. You may want to print these reports for your records before making any adjustments.

Next, create a journal entry to move the payments.

 

  1. Go to Company and choose Make General Journal Entries.
  2. Fill out the fields to create your journal entry. Make sure your debits equal your credits when you’re done.
  3. Click Save & Close or Save & New if you have more entries to make. Repeat this process for each payment you need to move.

 

Once done, you are ready to begin filing your 1099-MISC and 1099-NEC forms.

 

For more information about the steps, check out this guide: Modify your chart of accounts for your 1099-MISC and 1099-NEC filing.

 

Also, you can read about our 1099 FAQs at this link: Create and file 1099s with QuickBooks Desktop.

 

Don't hesitate to leave a comment below if you have follow-up questions or concerns with 1099 mappings. I'm here to help. Take care and have a good one.

Yuliyas
Level 1

1099 MISC into 1099 NEC on QB Pro 2019 desktop

Thank you, Shiella! I resolved it with the JEs right before noticed your respond. Shared thoughts are very helpful for all whos involved into 1099NEC. 

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