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Reviewing Vendor Records

Program → Payables → Vendor Record

  1. Ensure Name and Address are correct. Ensure the state is exactly two characters.
  2. Ensure 1099-NEC is selected.
  3. Ensure 1099 Recipient's ID number is correct.

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Vendor Records - Payments Tab

Ensure Expense accounts are tagged as 1099 showing an asterisk beside the account number. This is visible in the table on the right side of the Payments tab.

...

Below is an animation of the process in action:

Note

If a payment to the vendor does not appear on the Payments tab, find the payment under 

Doc path
PathProgram,Ledger,Ledger Entry Records
 and ensure the vendor is selected in the Vendor field.

Vendor Records - 1099 Setup Tab

There is no setup required under the 1099 Setup tab for 1099-NEC forms.

Payer Records

Program → Accounting → Payer Records

  1. Ensure the Company information is correct.
  2. Ensure the Contact information is correct.
  3. Ensure State is selected.


Processing 1099-NEC Forms

Doc path
PathReports, Payables, 1099 Forms


  1. Select 1099-NEC
  2. Enter 2020 for the Year field.
  3. Ensure Vendor Limit is set to '600.00'
  4. Click Show Form


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