1099

I began using QB fall 2007. How can I enter previously paid vendor amounts for 1099's?

Reply to
Carolyn
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Where are your expenses for the first part of the year recorded? You need to get them into for the full year. That will make doing your taxes easier.

Worst case, just use "write checks" to record the total amount paid prior to your starting point in QB. Don't forget to map the accounts you want to capture as well as specify that the vendor is 1099 eligible.

Reply to
Laura

QB can't output something it doesn't have... :)

As other respondent says, you'll have to enter past transactions for these vendors that are 1099-reportable in order to have the necessary data for QB to create the report from. Don't believe it will let you modify the form directly (although I didn't try it as I don't have any vendors set up to receive 1099s and didn't want to go to the trouble of doing a sample case).

If there are a significant number of transactions, I'd probably lump them into a summary entry for each vendor using whatever record system I had prior to the start date for QB and use the general register to enter that conglomerate figure along w/ the appropriate receipts to cancel the entry. If there are only a limited number of transactions, entering individual vendor invoices and then paying them will provide the detail information for other uses, of course.

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Reply to
dpb

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