How do I set up Vendor Tracking for 1099s?
  • 19 Dec 2023
  • 1 Minute to read

How do I set up Vendor Tracking for 1099s?

Article Summary

If you have vendors for whom you are required to issue form 1099, you’ll want to create tracking items for each 1099 category including: Rent, Other Income, and Non-Employee Compensation. Then, you’ll assign those tracking items to the appropriate vendors. This allows you to import data to the Procare W2 / 1099 Software for the purpose of printing the 1099-Misc and, beginning with tax year 2020, the 1099-NEC for vendors with non-employee compensation. Contact your tax adviser or visit the IRS Web Site for more information about 1099 requirements.

Set up & assign vendor tracking as follows:

  1. Create a Tracking Group called something like “1099 Categories” with 3 new Tracking Items under the Vendor tab:

    1. Rent
    2. Other Income
    3. Non-Employee Comp.
  2. Assign the Tracking to Vendors.

  3. Follow instructions for using the 1099 Software.

Was this article helpful?