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Tutorial #QB9-18: Setting Up Contractors

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Mar 4th 2011
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Intro: If you are required to prepare 1099 forms, QuickBooks can help! In this tutorial, you learn how to indicate which vendors and contractors require 1099 forms. In the next tutorial, we actually prepare the 1099 forms.

Download the audio file HERE

Step 1: Go to the Vendor Center
Choose Vendors, Vendor Center from the QuickBooks menu. In the Vendor Center, click the Vendors tab to display your list of vendors.

Step 2: Choose a Vendor
Double-click on the name of any vendor who requires a 1099 form. Alternatively, if you are setting up a new vendor, press Ctrl+N and return to tutorial 2-6 for instructions on adding a new vendor.

Step 3: Enter 1099 Eligibility
In the Edit Vendor window, click the Additional Info tab, and then check the "Vendor eligible for 1099" box if this vendor should receive a 1099 form.

Step 4: Enter Vendor ID
Enter the federal ID number or Social Security number for the vendor in the "Tax ID" space.

Step 5: Save Your Changes
Click OK to save the 1099 information for this vendor.

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