Set up 1099s Form in QuickBooks

by James Antonio

If you own a business, it is important to prepare and file your federal 1099s with QuickBooks Desktop.

1099s are nothing but tax forms which you need to file with the IRS when the contractors are paid in cash, direct deposit, or checks.

The importance of tax forms can be surmised by the fact that every successful business venture always meets its tax criteria on time. This not only helps them to build credibility but also helps them avoid any legal restrictions from doing business.

1099s forms in QuickBooks is one of those essential forms that are required to be set up and filled properly for the smooth functioning of your enterprise.

What is 1099s forms in QuickBooks all about?

1099s are identical to W-2 forms but are typically for non-employees. It is necessary for business to issue 1099s to the particular non-corporate service providers for the payments made during the specific year.

This form differentiates between different types of income which may not be classified under a regular job of the particular applicant.

Note: Employees who are not given the W-2 forms are typically issued the 1099 form. They comprise of different types of forms depending on the transactions like Social Security Benefits, Government Payments, etc.

Why do you Need to Set up 1099s Forms in QuickBooks?

It is mandatory for all business owners to file Forms 1099 for specific payments that are made during the year. Such payments include:

  • Payment for services like contract employees, unincorporated maintenance people, bookkeepers, accountants, etc.
  • Legal counseling fees
  • Rent
  • Interest paid

How to Set up 1099s Form in QuickBooks?

Here is how you set up 1099s forms in QuickBooks.

Step 1: Prepare the vendor account or edit it in case it is already created.

Step 2: In the menu bar, select the Vendor and then choose vendor Center

Step 3: Choose the vendor from the vendor’s list or select the dropdown button near the New Vendor left side of the screen and click it.

Step 4:
In the new window for Address Info, add the Vendor’s contact details and name.

Step 5: Select the Tax Settings on the left of the screen and add the vendor’s tax ID number in the Vendor Tax ID.

Step 6: Checkmark the particular box that says vendor eligible for 1099.

Step 7: Select OK.

Frequently Asked Questions

Is it Possible to upload Data from Numerous QuickBooks Company Files into the Tax 1099?

Yes. It is possible.

How to Correct 1099s Forms?

To correct them, you need to strictly follow the steps mentioned above.

Features of Dancing Numbers for QuickBooks Desktop

Imports

Exports

Deletes

Customization

How Dancing Numbers Will Help You

 

Dancing Numbers is SaaS-based software that can easily be integrated with your QuickBooks account. You can import, export, and delete lists or transactions from your company file. Using Dancing Numbers you can simplify and automate the process, saving time and increasing productivity. Just fill in a few fields and apply the relevant features to complete the task.

It saves your time and money that you can invest in your business. It has no human errors, works automatically, provides a user-friendly interface (easy to use and learn), and more. You can also have access to the comprehensive features set if you use it to import, export, and delete services.

Supported Entities/Lists

Dancing Numbers supports all QuickBooks entities that are mentioned below:-

Customer Transactions

Invoice
Receive Payment
Estimate
Credit Memo/Return Receipt
Sales Receipt
Sales Order
Statement Charge

Vendor Transactions

Bill
Bill Payment
Purchase Order
Item Receipt
Vendor Credit

Banking Transactions

Check
Journal Entry
Deposit
Transfer Funds
Bank Statement
Credit Card Statement
Credit Card Charge
Credit Card Credit

Employee Transaction / List

Time Tracking
Employee Payroll
Wage Items

Others

Inventory Adjustment
Inventory Transfer
Vehicle Mileage

Technical Details

Devices Supported

  • Windows

Deployment

  • On Premise

Language Support

  • English

Pricing Model

  • Annual Subscription

Customer Types

  • Small Business
  • Medium Business

Pricing

img

Importer, Exporter & Deleter

*See our Pricing for up to 3 Company Files

$199/- Per Year

Pricing includes coverage for users
  • Services Include:
  • Unlimited Export
  • Unlimited Import
  • Unlimited Delete

img

Accountant Basic

*See our Pricing for up to 10 Company Files.

$499/- Per Year

Pricing includes coverage for users
  • Services Include:
  • Importer,Exporter,Deleter
  • Unlimited Users
  • Unlimited Records
  • Upto 10 companies

img

Accountant Pro

*See our Pricing for up to 20 Company Files.

$899/- Per Year

Pricing includes coverage for users
  • Services Include:
  • Importer, Exporter, Deleter
  • Unlimited Users
  • Unlimited Records
  • Up to 20 companies

img

Accountant Premium

*See our Pricing for up to 50 Company Files.

$1999/- Per Year

Pricing includes coverage for users
  • Services Include:
  • Importer, Exporter, Deleter
  • Unlimited Users
  • Unlimited Records
  • Up to 50 companies

Frequently Asked Questions

 
How and What all can I Export in Dancing Numbers?

You need to click "Start" to Export data From QuickBooks Desktop using Dancing Numbers, and In the export process, you need to select the type you want to export, like lists, transactions, etc. After that, apply the filters, select the fields, and then do the export.

You can export a Chart of Accounts, Customers, Items, and all the available transactions from QuickBooks Desktop.


How can I Import in Dancing Numbers?

To use the service, you have to open both the software QuickBooks and Dancing Numbers on your system. To import the data, you have to update the Dancing Numbers file and then map the fields and import it.


How can I Delete in Dancing Numbers?

In the Delete process, select the file, lists, or transactions you want to delete, then apply the filters on the file and then click on the Delete option.


How can I import Credit Card charges into QuickBooks Desktop?

First of all, Click the Import (Start) available on the Home Screen. For selecting the file, click on "select your file," Alternatively, you can also click "Browse file" to browse and choose the desired file. You can also click on the "View sample file" to go to the Dancing Numbers sample file. Then, set up the mapping of the file column related to QuickBooks fields. To review your file data on the preview screen, just click on "next," which shows your file data.


Which file types are supported by Dancing Numbers?

XLS, XLXS, etc., are supported file formats by Dancing Numbers.


What is the pricing range of the Dancing Numbers subscription Plan?

Dancing Numbers offers four varieties of plans. The most popular one is the basic plan and the Accountant basic, the Accountant pro, and Accountant Premium.


How can I contact the customer service of Dancing Numbers if any issue arises after purchasing?

We provide you support through different channels (Email/Chat/Phone) for your issues, doubts, and queries. We are always available to resolve your issues related to Sales, Technical Queries/Issues, and ON boarding questions in real-time. You can even get the benefits of anytime availability of Premium support for all your issues.


How can I Import Price Level List into QuickBooks Desktop through Dancing Numbers?

First, click the import button on the Home Screen. Then click "Select your file" from your system. Next, set up the mapping of the file column related to the QuickBooks field. Dancing Numbers template file does this automatically; you just need to download the Dancing Number Template file.

To review your file data on the preview screen, just click on "next," which shows your file data.

Get Support

The Bulk Import, Export, and Deletion can be performed with just an easy single-click. We offer a simplified process that assures you that you will be able to focus on your core work.

Are you worried about losing your time with error-prone software? Worry no more. Our error-free add-on lets you focus on your work and boost your productivity rate to a considerable extent.

Most Recent Updates

Top