1099-NEC QB Desktop

I'm here to ensure you're able to create a new 1099-NEC account in QuickBooks Desktop (QBDT), mwhip.

We appreciate you for performing some troubleshooting steps to get this sorted out. Let's make sure we create a new expense account in QuickBooks to track your non-employee payments. Let's start by creating a backup of your company file for future use. Then once ready, follow these steps in creating the 1099-NEC account:

1. Go to the Lists menu.
2. Select Chart of Accounts.
3. Click the Account drop-down, then choose New to create a new account.
4. Select an account type of Expense, Other Expense, or COGS, then select Continue.
5. Enter the Account Name and details such as Description, Note, and Tax-line Mapping.
6. Select Save & Close.
7. Repeat this process for each new account to be reported on the 1099-NEC.

After that, you'll have to move your payments to the new account (i.e., create a journal entry) to show them in the newly created 1099-NEC accounts. Then, run a 1099 Summary report to validate the changes. I'd recommend checking out this article's Set up QuickBooks for the 1099-NEC forms (QuickBooks Desktop) section for the step-by-step guide: How to modify your chart of accounts for your 1099-NEC filing.

If the same thing happens, let's make sure we update QuickBooks Desktop to the latest release. Once done, use the Rebuild Data tool to automatically fix minor company file data issues. Here's how:

1. Go to the File menu, then hover over Utilities and select Rebuild Data.
2. On the QuickBooks Information window, press OK. Follow the onscreen steps to save a backup.
3. Let the tool repair your file. It may take some time. QuickBooks may seem stuck, but as long as you can move your mouse, the tool is working.
4. When the tool finishes, press OK.
5. Go to the File menu. Then hover over Utilities and click Verify Data.
6. Let the tool check your file for data issues.

If QuickBooks doesn't find any problems, press OK. You can keep using your company file if you don't have any data damage. Then, select Rebuild Now if QuickBooks finds an issue with your company file.

If you’re still having data issues after rebuilding your company file, try again. If you still have data issues, use the QuickBooks File Doctor to fix your company file. You can check out this article for more details about fixing data damage on your QuickBooks Desktop company file: Fix data damage on your QuickBooks Desktop company file.

Additionally, here's an article that'll further guide you in preparing and filing your federal 1099s: Create and file 1099s with QuickBooks Desktop. It also includes answers to the most frequently asked questions about 1099s.

I want to make sure I've got you covered. You can click the Reply button below for follow-up questions and clarifications about processing the 1099-NEC. I'll be in touch.