Ask the Accountant…
Question: When I try to designate a vendor as a 1099 vendor, it is greyed out. How do I change that?
Answer: There has been a recent change to Preferences in QB Premier regarding 1099 status of vendors. Now, you must turn on the 1099 option in “Preferences” > “Tax: 1099” (toward bottom of list) > “Company Preferences” > “Do you file 1099 forms?” > “Yes.”
I think it’s simpler just to turn on this option even if you don’t currently have any 1099 vendors.
Now, go to “Vendor” > “Vendor Center” > Double click on the vendor who is eligible for a 1099 > “Tax Settings” > Click “Vendor Eligible for 1099.”
Harriet Gatter is a QuickBooks ProAdvisor, a former accounting professor and a former ad specialty distributor of 23 years. She advises ad specialty distributors about using QuickBooks Premier & Enterprise, and SAGE Online to save time, eliminate errors, and correctly account for your business. Her specialty is converting distributors from ProfitMaker, SmartBooks, OrderMaster, AIA, Proforma, and other accounting systems.
[email protected] www.AccountingSupportLLC.com
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