Is there a report to track 1099 Vendors?
Posted: Fri May 26, 2017 9:30 am
The best report option available for 1099 tracking will be the Vendor Payment Summary report.
It will generate a list all payments made to a Payable Account, and Cash Paid Out to a
supplier within the specified date range with an option to drill down for further details all the way to
individual accounts and document detail.
[*]Go to Reports on the Home Ribbon
[*]All Reports
[*]Purchases
[*]Vendor Payment Summary
Optional: During initial setup, you may want to consider adding a 1099 Vendor reference on the contact card
in the notes section for easy identification in other reports. (i.e., Vendor Purchase Listing and Vendor Purchase Summary)
Important Note: This is a summary report to be used as an aide in tracking 1099 Vendors,
it is not intended, nor should it be used as a document for reporting purposes to your tax agency.
It will generate a list all payments made to a Payable Account, and Cash Paid Out to a
supplier within the specified date range with an option to drill down for further details all the way to
individual accounts and document detail.
[*]Go to Reports on the Home Ribbon
[*]All Reports
[*]Purchases
[*]Vendor Payment Summary
Optional: During initial setup, you may want to consider adding a 1099 Vendor reference on the contact card
in the notes section for easy identification in other reports. (i.e., Vendor Purchase Listing and Vendor Purchase Summary)
Important Note: This is a summary report to be used as an aide in tracking 1099 Vendors,
it is not intended, nor should it be used as a document for reporting purposes to your tax agency.