How can I assign more than one account from Chart of Accounts for my 1099’s?

First, you need QuickBooks Online PLUS plan, to have prepare and print 1099s feature.

To assign more than one account from your company Chart of Account:
From the home page screen > go to blue navigation bar on the left > click Vendors tab > Prepare 1099s button (upper right side) > Assign Accounts > Select the box number > Under Account, click Select Multiple… from the drop down menu > Select from list > Add to Include in 1099 Box> OK > OK.

Helpful tip: after you click OK, under Accounts it’ll just say “Select Multiple…” , it won’t list all the accounts that you had selected.

prepare 1099s 1

prepare 1099s 2

prepare 1099s 3

prepare 1099s 4

prepare 1099s 5

Can I pay sub-contractors as vendors, prepare and print 1099s at the year in new QuickBooks Online Plus?

The answer is yes, if you have QuickBooks Online Plus.

This feature is not available in QuickBooks Essentials and QuickBooks Simple Start, so you need to upgrade to Plus level subscription.

How to setup sub-contractor as 1099 Vendor?

Setup 1099 Vendor
Setup 1099 Vendor
Setup 1099 Vendor
Setup 1099 Vendor

From the Home page screen

  • Go the the blue Navigation bar on the left
  • Select Vendors center
  • Select New Vendor button (located at top right hand corner (next to prepare 1099s button at the year end)
  • Fill out Tax ID (Tax ID, EIN or SSN)
  • Checkbox ▣ Track payments for 1099
  • Provide other vendor information and save.

How to prepare and print 1099s at the year end?

Vendors Prepare and Print 1099s
Vendors Prepare and Print 1099s

From the Home page screen

  • Go the the blue Navigation bar on the left
  • Select Vendors center
  • Select Prepare 1099s button (located at top right hand corner (next to New Vendor button at the year end)
  • You will need to follow necessary steps to prepare 1099-MISC forms
  1. Set up vendors who are eligible for 1099s.In January, you file 1099s for payments made to vendors during the previous calendar year.
  2. Select 1099 boxes and assign accounts. (If you already paid vendors, you may need to edit their payments to use the accounts you assign.)