This help article will show you how to create and export a list of your 1099 Vendors. A 1099 vendor is a person or business who performs work for you but is not an employee of your organization. Vendors that you pay more than $600 to per fiscal year must receive an IRS Form 1099 from you. Even if they don't make $600, you can still send 1099 to the vendor to ensure you are keeping your accounting books pristine.
Quick Summary of Step-by-Step Guide
In-Depth Step-by-Step Guide:
Access the Vendors list page by clicking on the Company, followed by the Vendors sub-tab.
Mark Vendors as 1099You can mark your vendors as 1099 by clicking the Is 1099 Vendor toggle on the edit vendor dialog. There is also a field next to the toggle that will allow you to enter a Tax ID field for this vendor.
Filter 1099 Vendors
In order to export a list of the 1099 vendors you first need to filter your vendor's list to only show your 1099 vendors.
For example, if you would like to get a list of all your 1099 vendors for which you have made a payment in your last fiscal year you would click the Filter button and select the following options: a Payment start date of 1/1/2020, a Payment end date of 12/31/2020, and toggle the Is 1099 Vendor option to on. This will give you a list of all of your 1099 vendors for which you made a payment in the year 2020.
Export 1099 Vendors
Now that you have filtered your vendor list to only show your 1099 vendors, simply click Export to download a file of your list of vendors including the total amount paid with each vendor's Tax ID.