QuickBooks Payroll organizes the payroll and tax-related activities of entrepreneurs and small business owners. You can manage payroll and tax management, sales and customer management, inventory management, etc easily with the help of QuickBooks Payroll. Here in this article we will discuss How To Set Up A 1099 Vendor and Print Forms In QuickBooks. For more information, you can contact QuickBooks Payroll Tech Support Phone Number +1888-515-5729.

How To Set Up A 1099 Vendor in QuickBooks?

You need to follow the below steps to set up a 1099 vendor in QuickBooks:

Step 1: Turn On The 1099-MISC Feature

You need to turn on the 1099-MISC feature before you set up a vendor in QuickBooks. You need to follow the below steps to do it:

  • Choose Edit and then Preferences on the Toolbar.
  • Select Tax: 1099 from the left side.
  • Choose the Company Preferences tab.
  • Next to Do you file 1099-MISC forms? Click Yes.
  • Click OK to save the preference.

Step 2: Add A Vendor

When the 1099-MISC feature is active in QuickBooks, then you need to follow the below steps to add a vendor

  • Choose Vendors and then Vendor Center on the Toolbar.
  • Click the New Vendor drop-down and select New Vendor.
  • Enter the name of the vendor in the Vendor Name field.
  •  Fill the required information in each tab.
  • If you want to add more information later then you can click edit to do it.
  • Press Ok.

Step 3: Set Up Vendors To Receive Form 1099-MISC.

Follow the below steps to set up vendors to receive Form 1099-MISC:

  • Choose Vendors and then Vendor Center on the Toolbar.
  • Now right click on a vendor’s name and choose Edit Vendor.
  • Choose the Address Info tab and verify the data.
    • Ensure the Address field has the suitable two-letter state abbreviation and the correct ZIP code.
    • If the vendor is a person then the vendor’s legal name should appear in the First Name, M.I., and Last Name fields.
    • If you know the company name but not the person’s name then leave the Company Name field blank to prevent double names from appearing on the 1099-MISC form.
  • Click the Tax Settings tab.
  • Mark the Vendor eligible for 1099 checkbox.
  • Type the vendor’s tax identification number in the Vendor Tax ID field. Select OK.
  • Repeat the steps for each 1099-eligible vendor.

Setup 4: Set Up An Expense Account For Vendor Payments

Follow the below steps to set up an expense account for vendor payments:

  • Choose Edit and then select Preferences on the Toolbar.
  • Select Tax: 1099 from the left side.
  • Click the Company Preferences tab.
  • Next to Do you file 1099-MISC forms? select Yes.
  • Click Here option that is next to If you want to map your account to boxes on Form 1099-MISC. The QuickBooks 1099 Wizard will open and the QuickBooks Desktop accounts to track payments to your 1099 vendors will be listed
  • In the Apply payments to this 1099 box column, select the drop-down menu and choose the appropriate 1099-MISC box. 
  • Choose the 1099-MISC box for each account listed or choose Omit these payments from 1099.
  • Click Save & Close once the accounts have been mapped.

How To Print Form 1099 and 1096?

You need to use QuickBooks in single-user mode to print form 1099 and 1096. You also need to have pre-printed 1099 and 1096 form to do it:

  • You have to verify all your 1099 details using QuickBooks Desktop 1099 Wizard.
  • In the QuickBooks Desktop 1099 Wizard, at Step 6: Choose a filing method and select Print 1099s.
  • Press Ok in the pop-up window.
  • Browse and choose the date range from which the 1099s were paid and click OK.
  • Select the 1099(s) form and select the Print 1099 button.
  • You can preview the forms before printing. Choose the Preview 1099 button before printing to review and verify the alignment:
    • Choose File on the menu bar
    • Click Printer Setup.
    • From Form Name and choose 1099s/1096 from the list.
    • Click on the Align button and adjust the alignment if required.
    • Click OK and then OK again to save your changes.
  • Once previewed,  you can then select the Print 1099 button to print 1099.

Reach For Technical Support For QuickBooks Error 1099

The above step will help you to Set Up A 1099 Vendor and Print Forms In QuickBooks. For any type of assistance, you can contact toll-free QuickBooks Support Phone Number +1888-515-5729. Our technical advisors will resolve your QuickBooks Payroll related issues instantly as they certified technicians and are highly experienced.They are available round the clock to fix your QuickBooks issues. You can seek assistance on QuickBooks Chat Support.

How To Set Up A 1099 Vendor and Print Forms In QuickBooks

Leave a Reply

Your email address will not be published. Required fields are marked *