We closed one account and open another account, same Federal Id number, just a different bank all together. How do I compined the two accounts to get the proper amount for the 1099's or do I have to process two 1099 forms for each person?
Welcome to the Community. I'm here to help share some information about 1099 in QuickBooks.
In filing your 1099 forms, you'll only have to process one form for each person. Just ensure you have the same payments recorded and your accounts are mapped correctly. Let me provide you with this helpful article on how to map your account to boxes on Form 1099-MISC: Set up a 1099 vendor and print forms.
Then, follow Step 4: Set up an expense account for vendor payments to get the proper amount for your 1099 forms.
This will get you on the right track. You can also contact us if ever you need help filing your forms.
Please feel free to post again if you have other questions about your 1099 forms. I'll be here to help.