Is the Business ID No. in the Vendor section the same as EIN or Tax ID

Thanks for choosing QuickBooks Online, @carlos-btrealtyg.

I'm here to provide details about the Business ID No. that can be seen on the Vendor Information page.

The Business ID No. is either an individual’s Social Security number or a Federal Employer Identification Number (EIN). If you'll want to choose the Social Security number as a Business ID No., you'll need to reformat it. I'll guide you how.

1. From the Expenses menu, select Vendors.
2. Click on the name of the vendor.
3. In the top right corner, click the Edit button.
4. In the Business ID No. field, retype the number like a Social Security Number,  use this format (XXX-XX-XXXX).
5.  If you need to issue your vendor a Form 1099, place a checkmark next to Track payment for 1099.
6. Once done, click on Save and start the 1099 process.

To learn more about preparing your Federal 1099s, you can check out this article: File 099s using QuickBooks Online.

I've also included an article about creating a 1099 report for vendors and vendor payments. This helps you see what you’ve paid to your vendors.

Let us know if you have additional questions. Your success with QuickBooks is our top priority. Have a great day!