1099 processing in Sage BusinessWorks - FAQ

How do I set up a vendor to receive a 1099?

• Set up the vendor 1099 information in AP, Vendors, Maintain Vendors, then select Other 

How can I verify that I have set up all my vendors to print 1099 forms?

• Use the 1099 Worksheet to verify your vendor information. To list all 1099 vendors on the report, set the Minimum amount needed to report to 0.00 

What type of 1099 forms can I print in Sage BusinessWorks?

• Sage BusinessWorks Version 2023 SP6 and higher
  • 1099-NEC, 1099-MISC, 1099-DIV, and 1099-INT 
• Sage BusinessWorks Version 2021 to 2023 SP5
  • 1099-NEC and 1099-MISC

What 1099/1096 forms do I order?

• You can use blank 4-part perforated forms for your recipients.  Print Federal copies on plain paper as the IRS no longer requires the red preprinted forms
• Review the forms required to print 1099s in Sage BusinessWorks to ensure you’ve purchased the correct ones  

How are the 1099 figures calculated?

• 1099 totals update in AP, Vendors, Maintain Vendors, YTD, 1099 payments each time you process a vendor check
• The figures that appear in this field populate on the vendor 1099 form
  

How do I print the 1099s and what if I need to edit the information?

• Print the 1099 Worksheet and review for accuracy.  Be sure to set the Minimum amount needed to report to meet Internal Revenue Service requirements
• Sage BusinessWorks uses Enhanced Tax Reporting to process your vendor 1099 forms. You can make corrections to the information directly on the grid in Enhanced Tax Reporting
• You can select to print your forms on paper or e-file with Aatrix
   CAUTION: Print your vendor 1099 forms before you close the year in Accounts Payable 

We need to close Accounts Payable, but we haven't processed the 1099s yet

• Make a copy of your company before closing
• Close your live company and continue to work forward
• Use the archive company to print your 1099s   

We closed the Accounts Payable without processing 1099s

• I have a backup from before closing the year
  • Restore the backup to a new company ID. Use the backup you made from before closing the year
• I don't have a backup to restore
  • You can create a Custom Report to get the total paid to your vendors during the calendar year

Box 1 for NEC is missing on the 1099 Preparer

• Ensure you’ve selected the correct 1099 Form Type
• Browse to AP, Vendors, 1099 Processing
• Select the desired 1099 Form Type from the list. You need to process each 1099 Form Type separately
  
  
  

How to correct a vendor that received the wrong 1099 form type

• The correction depends on if you have already submitted your forms
• For options, review how to correct a vendor that received the wrong 1099 form type

I need to correct 1099s I've already e-filed

• For questions regarding correcting 1099s you e-filed, contact Aatrix