Ask the Accountant…
Question: In QB Premier, I am having trouble running the report of vendors that require a 1099. It’s not showing any data. How do I get that report?
Answer: There are two steps. The first is to identify a vendor as 1099 eligible.
For each vendor that is 1099 eligible, in QB Premier, click “Vendors” > “Vendor Center > highlight the vendor you want and double click > click on “Tax Settings” on the left side of screen > click the box “Eligible for 1099.”
A safety suggestion: You might want to not enter the vendor tax ID in QB and instead keep that information elsewhere.
The second step is running the report.
Go to “Reports” > “Vendor Payables” > “1099 Detail” > enter dates and select “Only 1099 Vendors” and “All Allowed Accounts.”
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