Step 3. Review 1099 Reconciliation Report
Compare balances on the 1099 Reconciliation Report - All 1099 Vendors to the balances on the 1099 Reconciliation Report - All 1099 Invoices. Both reports should have the same total. If the reports do not balance, look for a check or invoice that needs to be corrected.
Watch a webinar - Adjust 1099 balances and fix vendor information
For each 1099 vendor, use the 1099 Reconciliation Report for all vendors and the 1099 Reconciliation report for all 1099 invoices to complete steps 3a and 3b. When you have checked to 1099 IDs, types, and amounts for every 1099 vendor, continue to Step 4. Print final copy of 1099 Reconciliation Report.
Step 3a. Correct 1099 IDs and types
202411, 2024Dec12
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Step 4. Print final copy of 1099 Reconciliation Report
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