About this template
Work type: Accounting
Location: United States
Client industry: Generic
Version: 1 (Latest)
This template includes
- 6 tasks
1099 Prep & Processing
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| Team Tasks | ||
|---|---|---|
| Get W9 for each affected vendor & save to client 1099 folder | ||
| Update QuickBooks with vendor information and add note "W9 on file" | ||
| Choose Import from the left menu and follow steps to import client vendors | ||
| Choose QuickBooks online (or whatever software client uses) | ||
| Click Add new Company, then Connect to QuickBooks (or whatever software client uses) | ||
| Choose Our Team Accounting, then your client | ||
| Once connected, find your client & choose the form you want to file, the year, then click Import | ||
| Click the appropriate box for the type of payment (NEC, Rents, Lawyer) and in the dropdown "select all" to search for affected vendors in all accounts | ||
| Review vendors and amounts for accuracy, select the ones you need to file for and click next | ||
| Check the boxes for Federal filing, USPS, and any state filing required for each vendor | ||
| Select all vendors and submit | ||
| Choose History from the left menu to download submitted 1099s | ||
| Save to client 1099 folder, and upload to FC | ||
| Calculate final cost and add to 1099 tab on OTA Client information sheet for billing | ||