There’s just over two months until the end of the year. If you’ll have to issue 1099s, now is a good time to make sure you have everything in order. Sage 50’s 1099 vendor report is a good tool to help you with that task. Go to the Reports & Forms menu and choose Accounts Payable. 1099 Vendor Report will be at or near the top of the list of reports.

The standard report will list all current year payments to 1099 vendors, unless those payments went to GL accounts that have been excluded from 1099s.  It will also show what kind of 1099 the vendor will receive and what their total is for the year. I would recommend that you add Address and Tax ID Number columns to the report.  Just click on the Columns button and check the Show box next to those items. Adding the phone number will make it easier If you need to confirm information on the report. To make the report easier to read you can use the Move Up and Move Down buttons to change the order of the columns and the Column Break check boxes to control which items are grouped together in a column.

If anyone is missing, or the amounts don’t look right,  Make sure their 1099 Type is set correctly in Maintain > Vendors.  And review the 1099 Settings tab in Maintain > Default Information > Vendors.