QuickBooks Reports Help with 1099

Five QuickBooks Accounts Receivable Reports for Your Business

You need to submit a 1099 form if you pay $600 or more to a vendor. Check the IRS website for more details.

The 1099 Summary report summarizes the cash outflows to vendors who are eligible for the 1099. The 1099 Detail report lists all transactions linked to 1099 accounts. So, it provides a breakdown of total 1099 eligible sums.

If you are using QuickBooks for real estate and property management, you can view how much was paid to property owners to file your 1099s.

Gita Faust

About the Author

Gita Faust has over 30 years of accounting experience in the real estate and property management industry, Gita Faust is more than just a real estate investor; she is also popular for her work as an accountant, consultant, mentor, speaker, QuickBooks Top ProAdvisor, QuickBooks Solution Provider, member of Intuit’s Trainer/Writer Network, and, of course, author. Gita is well-known for her exemplary leadership and advisory skills. In fact, she even helped pioneer the adaptation of QuickBooks to suit the needs of professionals in real estate and property management. To share her knowledge she has written a series of courses titled Simplified Accounting Solution, which provides step-by-step guidance for those working with QuickBooks.

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