1099 Process

Review of Setups Menu Setup > Options > Accounts Payable > General . Check boxes “Use 1099” and “Generate 1099 on Payment Vendor”. Payments made to vendors with some type of payment card should NOT be reported. It is the responsibili...

This process auto creates all 1099’s for a year. Any vendor payment with a 1099 code on it will be processed. If a payment was made to a vendor and a 1099 code was not designated on the invoice line, that payment amount will not be included ...

The text which prints on the back of the 1099 form is maintained under menu option Month End > 1099 Process > Back of Form. An annual update is provided by SGA. To apply the update for the current year, select the year, the Form and click “Ap...

Shows all payments for a vendor with the ability to change the 1099 status for each. You may tag all payments by selecting the code and clicking Tag All at the bottom left of the screen; you may then tag each payment with a 1099 code (or bl...

Creates an electronic file for transmitting 1099 information to the IRS. The IRS requires that 250 or more information returns must file electronically and encourages all electronic filing of 1099’s. You must have a TCC (Transmitter Contro...

The system can accommodate tracking and printing 1099 forms for more than one company and EIN#. Instructions as follows: Go to Setup > 1099 Codes.  This table assigns the box# and form type where the specific code will print and be repo...

The following two forms options are available for printing Form 1099-MISC and 1099-NEC: Blank form (2 up). Prints two vendors per page. Option to print Recipient Copy B with or without instructions on the back. Using blank form requires el...

Steps to apply for TCC Code to File 1099s Electronically (To the best of SGA's Knowledge, this is the process. SGA does not assign the TCC Code. Any questions should be directed to the IRS) Form 4419, Application for Filing Inf...

1099 Processing for first year in SGA Accounting Forms:    If you plan to file paper forms with the IRS, you will need to purchase pre-printed (red copy) 1099- NEC and 1099-MISC (If used) forms.   If you plan to file electronically w...

Last Updated 01/11/2022 1099 Electronic Filing – Step by step instructions to upload a file to the IRS website. http://fire.irs.gov   to connect to FIRE (Filing Information Returns Electronically) First time connection to the FIR...