Setting up a vendor card to track vendor payments on a 1099 statement

Cards > Using cards > Adding cards > Using the Buying Details view (Vendor cards only) > Setting up a vendor card to track vendor payment on a 1099 statement

If you wish to report payments to vendors for inclusion on a 1099 statement, select how you wish to report the payments by choosing from the list of categories in the Report Payments on 1099 as: field of the Buying Details view of the Card Information window.

In order for the Report Payments on 1099 as: field to be available, payroll must be set up in your company file. AccountEdge requires the calendar year structure provided by the payroll feature in order to track 1099 payments for the tax year. If the Report Payments on 1099 as: field appears in this view, payroll has already been set up in your company file and you can track bill payments on 1099 statements for vendors you designate as 1099 vendors. If the field doesn't appear you must set up payroll before you can track vendor payments on 1099 statements.

If you haven't set up payroll yet in your company file, you'll first decide how you intend to use the payroll feature. If you plan to use AccountEdge to record payroll transactions for your employees, you'll use the Easy Setup Assistant from the Setup menu to set up payroll.

If you don't plan to use MYOB AccountEdge to track payroll transactions for your employees -- if you plan to use the AccountEdge payroll feature for 1099 purposes only -- you'll need to only load the payroll tax tables and enter the payroll year to set up payroll. When you set up payroll for 1099 purposes only, the date of the payroll tax tables you load has no affect upon the tracking of 1099 payments; any tax table is usable.

Step by step
To set up a vendor as a 1099 vendor


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