1099 Information

You can create 1099-MISC forms to report income you paid to vendors during the calendar year. Amounts reported on 1099-MISC forms are taken from the check date for checks printed during that calendar year.

On the vendor record, you mark the vendor as a 1099 vendor and enter default 1099 distribution information. You can also make 1099 adjustments under 1099 information.

On the invoices and credit memos, you track 1099 amounts and enter the 1099 box numbers and states where the amounts were earned.

Note: At tax reporting time, you can quickly determine which vendors require 1099-MISC forms by creating a vendor 1099 Activity Report.