Watch the video Although the video is from a prior version, the steps for processing 1099s are the same.
Important notes before processing 1099s - Set your vendor as a 1099 vendor
- Print 1099s before closing December in Accounts Payable (AP)
- 1099 totals apply to the open calendar year
- For step-by-step instructions on processing 1099s, see Process_1099s.pdf
- Visit the Sage BusinessWorks: Download Portal to ensure you have the latest version of Sage BusinessWorks installed before printing 1099s
- Sage BusinessWorks 2023 SP6 and higher allows you to process 1099-INT and 1099-DIV
- Before processing 1099s on 2023 SP6 or higher, enter vendors’ first and last names in Maintain Vendors, Other
- Federal 1099s no longer require the red forms
Instructions for processing 1099s - Select AP, Vendors, 1099 Processing.
- Select Create new 1099.
- Select the correct 1099 Form Type either 1099-MISC, 1099-NEC, 1099-DIV, 1099-INT.
- New to 2023, the Federal 1099 and 1096 forms print to plain paper
- Set your Minimum amount needed to report (default is 600.00).
- Confirm your Federal ID # and State ID #.
- .Click OK to begin processing in the Enhanced Tax Reporting grid.
- If prompted for a Form update select Automatic Update to continue
Saving 1099 copies - Draft copy - After working on your 1099s in the Enhanced Tax Reporting select File, Save
- Record copy - After eFiling or printing a 1099 report, the program saves it to the history file
- The program saves the forms with a “Record” status
- For more information, see saving or accessing saved 1099s
Correcting a 1099 value including TIN - Edit the vendor information in the Enhanced Tax Reporting 1099 Grid to revise a 1099 value
- To correct a previously completed return, select Open saved 1099
- For further instructions, see correcting vendor 1099s
For more information on 1099 processing, see 1099 frequently asked questions. [BCB:163:Chat BusinessWorks US:ECB]
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