QuickBooks offers a feature for setting up 1099 Vendors. This means business owners will be able to sort payments plus sales taxes to the independent contractors. It helps with your year-end 1099 reporting process.
How to:
- Choose Vendors > Vendor Center
- Right click on a vendor’s name and then click Edit Vendor.
- Click the Address Info tab and validate the data.
- Click the Tax Settings tab.
- Checkmark the Vendor eligible for 1099
- Enter the vendor’s tax identification number in the Vendor Tax ID field. Click OK.
