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elissaprivateema
January 21, 2024
Question

I have 2 contractors that I've been issuing 1099s through you for YEARS for and they are not showing up in either "tracked for 1099" or the "Not Tracked for 1099".

  • January 21, 2024
  • 1 reply
  • 0 views
They both definitely have enough pay for 2023. It's not showing anything in the "tracked for 1099" section and I checked both of their vendor profiles and they both say "tracked for 1099"

1 reply

C
ChristineJoieR
January 21, 2024

Hello there, elissaprivateema.

 

When filing both the 1099-NEC and the 1099-MISC, it's necessary record transactions as checks and ensure that they are map to the expense accounts for each form. QuickBooks requires a separate account for each form when generating your 1099s. Afterward, you have the option to either generate a journal entry to transfer the amounts or modify the existing payments to allocate them to the new accounts.
 

Create a 1099 Transaction Detail Report: 

 

  1. Choose Reports.
  2. Search for the 1099 Transaction Detail Report.
  3. Run the report and verify the amounts are showing in the correct accounts for the 1099-NEC and 1099-MISC. This will allow you to map the accounts as you go through the 1099 process.
    You can also use the 1099 Contractor Balance Detail or 1099 Contractor Balance Summary reports if either of them add more information.
 
Then, Add a new account to your Chart of Accounts to track the separate payments.
 
Here's how:
 
  1. Go to Settings ⚙ and select Chart of accounts.
  2. Select New. Depending on your account view, you’ll either see a panel labeled New account or New category. Select the option you see below for next steps.

 

If none of these fixes the problem, I'd suggest contacting our QuickBooks Support Team. They're equipped with tools to check the cause. It'll also allow them to submit a ticket to our engineering team to alert them about the issue if necessary.

 

Additionally, I've included these articles that'll help you in preparing and filing your 1099s. This ensures you're able to file them on time:

 

 

I'm only a post away if you need more help in managing your 1099, elp5. It's always my pleasure to help you out again.

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