You can specify which 1099 form you want to use with each Accounts Payable vendor as follows:
- From the Setup menu, select Vendors.
- Enter the vendor ID.
- Click the 1099 Settings tab.
- In the Form Type section, select the appropriate 1099 form type.
- Click Save and then click Close.
When you print your 1099s, the vendor 1099 amounts print for the following boxes based on the form type selected on the vendor setup:
1099 Form Type
Vendor amount box details
For additional year-end information, refer to the Year-End Procedures Guide. Refer to Where can I find the Year-End Procedures Guides (YEPG)?
Note: Beginning with reporting year 2020, there will be changes to the 1099-MISC form as well as the addition of the new form 1099-NEC. Refer to Will the new 1099-NEC (Nonemployee compensation) for 2020 be available in Accounts Payable?
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