About this template
Work type: Bookkeeping
Location: United States
Client industry: Generic
Version: 1 (Latest)
This template includes
- 8 tasks
Prepare 1099s in QBO
18 downloadsBefore we generate that file, please let us know more about you.
Sorry, but you can only download 5 Excel files per day.
Please come back tomorrow to download 5 more.
| Team Tasks | ||
|---|---|---|
| Verify vendor information is complete and accurate in QBO. |
Bookkeeper
|
|
| Ensure each vendor is marked for 1099 tracking if applicable. |
Bookkeeper
|
|
| Confirm all payments eligible for 1099 have been recorded in QBO. |
Bookkeeper
|
|
| Run a 1099 Transaction Detail Report |
Bookkeeper
|
|
| Review the report for accuracy and completeness. |
Bookkeeper
|
|
| To Prepare 1099's In QBO |
Bookkeeper
|
|
| In the payroll menu, select contractors, then prepare 1099's | ||
| Follow the on-screen prompts to prepare and review 1099 forms | ||
| Submit 1099 forms electronically | ||
| Print 1099's to mail to receipients if needed | ||
| Send copies to recipients if you didn't choose for Intuit to mail them | ||
| Download copies and save to client folder | ||
| To Prepare 1099's outside of QBO |
Bookkeeper
|
|
| Input data to 1099 system you are using | ||
| Review and ensure your totals match and all names, ID numbers and addresses agree to QBO report information | ||
| Submit to IRS and to any states that are applicable | ||
| Send copies to recipients | ||
| Download copies and save to client folder | ||
| Verify receipt of IRS acknowledgement for e-filed 1099s. |
Reviewer
|
|