Utilizing the 1099 Vendor List in QuickBooks

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.