How do you verify your 1099 accounts in QuickBooks?
Verifying your 1099 accounts in Quickbooks:
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Go to the Reports menu, choose Vendors & Payables, and then click 1099 Detail. (You see the vendors you designated as eligible for 1099-related payments and the accounts you selected for tracking 1099-related payments.)
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Click Print for a paper copy of the report in its current form. You'll need this for comparisons.
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Click the second 1099 Options drop-down list at the top of the report and choose "All allowed accounts."
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On your computer screen, look for 1099 accounts that are missing from the paper copy of the report.
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If an account is missing from the paper copy of the report, and you have been using the account to track 1099-related payments, set up the account as a 1099 account.
This is a great way to compare and verify your 1099 accounts to make sure you are not missing any. If you have any more questions about Quickbooks feel free to contact us.
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