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V
vinod7
January 24, 2024
Question

Amount error in 1099

  • January 24, 2024
  • 1 reply
  • 0 views

While preparing a 1099 for a supplier there is a mismatch of Amount. The transactions accounted for after April 2023 are not mapped to the 1099 amount. As per the amount paid to a supplier is $3972 but in 1099 its only $985.
Can anyone help with this? I tried to contact Intuit support but there was no response.

1 reply

S
SashaMC
January 24, 2024

Hello vinod7,

 

Thank you for visiting the QuickBooks Community! I will be happy to guide you on how to correct missing amounts from the 1099's. Here's how:

 

  1. Select Reports (Take me there).
  2. Enter Transaction List in the search bar, then select Transaction List by Vendor.
  3. Click Customize.
  4. Set the Report period to Last Year (or Last Calendar Year).
  5. Go to the Rows/Columns section. Select the Change columns link then put a checkmark on the Split box.
  6. Go to the Filter section.
  7. Check the Vendor box, and from the dropdown, choose 1099 vendors who are in question.
  8. Select Run report.
  9. Look under the Splits column for what accounts the vendor's transactions were tied to. If you see the word "SPLIT," select the transaction to see details on what accounts were affected. Access the Bill to see what expense accounts were affected if this is a Bill Payment.
  10. Make the changes. 

I am adding this article that goes into more detail regarding troubleshooting missing contractors or wrong amounts on 1099s for QuickBooks. 

 

Let me know if you need additional help. I am one click away! See you soon. 

 

 

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