If you have ABC Consulting and then ABC Consulting, LLC in your QuickBooks file, QuickBooks sees those as 2 separate vendors and you might end up under the threshold for 1099 preparation. Then, scan through there to make sure you aren’t missing any names on the vendor list. My recommendation is to run the transaction detail for the entire year by “Name”. I’ve seen several occasions where a vendor was listed as an employee or maybe even a customer! QuickBooks ignores those types of names when figuring out what 1099s to prepare. Here are some things to look out for: #1 Make sure your vendor is listed as a vendor I keep seeing some of these common errors made in QuickBooks Online when it comes to 1099s. It’s 1099 season and there are a few more days until the deadline, January 31st.
0 kommentar(er)
