Reviewing Vendor Records
Program → Payables → Vendor Record
- Ensure Name and Address are correct. Ensure the state is exactly two characters.
- Ensure 1099-NEC is selected.
- Ensure 1099 Recipient's ID number is correct.
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.
- Select Payments tab
- Click Change in Sidebar
- Select the expense line you want to toggle.
- Click Toggle 1099 ( * ) Setting
- Click Save
Below is an animation of the process in action:
If a payment to the vendor does not appear on the Payments tab, find the payment under Program → 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
- Ensure the Company information is correct.
- Ensure the Contact information is correct.
- Ensure State is selected.
Processing 1099-NEC Forms
Reports → Payables → 1099 Forms
- Select 1099-NEC
- Enter 2020 for the Year field.
- Ensure Vendor Limit is set to '600.00'
- Click Show Form
