Step 4. Print final copy of 1099 Reconciliation Report
If you made any changes to the 1099 vendor information, you'll need to reprint the 1099 Reconciliation Report - All 1099 Vendors and the 1099 Reconciliation Report - All 1099 Invoices. The grand total on the 1099 Reconciliation Report - All Vendors should match the grand total on the 1099 Reconciliation Report - All 1099 Invoices. In addition to the summary by type section at the end of the report.
IMPORTANT! Do NOT proceed to Step 6: Convert Year-end Tax Information until the 1099 vendor information, 1099 type, and 1099 amount are correct for each 1099 vendor and for each invoice related to a 1099 vendor.
How do I print the 1099 Reconciliation Reports?
Refer to Step 2. Print 1099 Reconciliation Report for instructions on printing the 1099 Reconciliation Report for 1099 vendors and the 1099 Reconciliation Report for 1099 invoices.
Does the balance on the 1099 Reconciliation Report - All 1099 Vendors report match the balance on the 1099 Reconciliation Report - All 1099 Invoices report?
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Yes, the balances match on the reports. Continue to Step 5. Print Vendor History.
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No, the balances do NOT match on the reports. Return to Step 3. Review 1099 Reconciliation Report to find the issue that's causing the reports not to balance.
202411, 2024Dec13
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