Review and Update the 1099 Vendor List

Year-end is nearing – now is a perfect time to review your vendor information for 1099 preparation. Maintaining updated information helps with stress free form preparation in January. This can be accomplished in the Vendor Center in QuickBooks.

Verify the highlighted information below is correct in your QuickBooks file. 

Mapping the expense accounts eligible for 1099 usage and preparation of 1099s can be completed in the Expenses/Vendors area in QuickBooks Online.

Go to the Vendors screen and choose Prepare 1099s.

Mapping the accounts can be done in the drop downs provided under each category.

The steps on the screens that follow will allow you to review the information to make sure everything is included. You can save and close the 1099 Wizard at any time to make any changes needed in the Vendor or Chart of Account area(s).

Questions? Contact Heather Lehr at (320) 314-6803.