Which QBO will we need to prepare and print 1099s at the year end?

Question: We like QBO to generate 1099 form for contractors who work for us, then prepare end of year statements to send to them and file with IRS. Which QBO will we need to prepare and print 1099s at the year end? Answer: You will need to subscribe to QuickBooks Online Plus. You cannot generate … Continue reading Which QBO will we need to prepare and print 1099s at the year end?

Setup Prepare and Print 1099s

Can I pay sub-contractors as vendors, prepare and print 1099s at the year in new QuickBooks Online Plus? The answer is yes, if you have QuickBooks Online Plus. This feature is not available in QuickBooks Essentials and QuickBooks Simple Start, so you need to upgrade to Plus level subscription. How to setup sub-contractor as 1099 Vendor? … Continue reading Setup Prepare and Print 1099s

Can I pay sub-contractors as vendors, prepare and print 1099s at the year in new QuickBooks Online Plus?

The answer is yes, if you have QuickBooks Online Plus. This feature is not available in QuickBooks Essentials and QuickBooks Simple Start, so you need to upgrade to Plus level subscription. How to setup sub-contractor as 1099 Vendor? From the Home page screen Go the the blue Navigation bar on the left Select Vendors center Select … Continue reading Can I pay sub-contractors as vendors, prepare and print 1099s at the year in new QuickBooks Online Plus?

How I can generate a 1099 summary report for non-employee compensation in QuickBooks Online Plus?

There is no built-in 1099 related summary report for non-employee compensation at this time Here is how you can get that information. Go to prepare 1099-MISC forms screen (blue navigation bar > vendors > prepare 1099s button (right corner) > “Follow the steps to prepare 1099-MISC forms” screen > Choose “Print using purchased forms” link … Continue reading How I can generate a 1099 summary report for non-employee compensation in QuickBooks Online Plus?

How can I assign more than one account from Chart of Accounts for my 1099’s?

First, you need QuickBooks Online PLUS plan, to have prepare and print 1099s feature. To assign more than one account from your company Chart of Account: From the home page screen > go to blue navigation bar on the left > click Vendors tab > Prepare 1099s button (upper right side) > Assign Accounts > … Continue reading How can I assign more than one account from Chart of Accounts for my 1099’s?

Where & how do I enter new W-9 information for sub-contractors in new QuickBooks Online?

Partial information from W-9 goes to Vendor Information screen. You need PLUS level subscription. Most important info is to enter tax ID and “track payments for 1099” checkbox. There is no way to actually attach actual W-9 form at this time. If you feel this feature should be added to future revision, please make your voice … Continue reading Where & how do I enter new W-9 information for sub-contractors in new QuickBooks Online?

Which lists have which features in newly improved QuickBooks Online (QBO)?

This table will show which lists have which features all in one page. These are much improved added features in last two months. Now, create forms should also have similar features fast. Not able to adjust account or product/service column size on various create forms seem to be a big problem right now.     … Continue reading Which lists have which features in newly improved QuickBooks Online (QBO)?

Which QBO subscription level is right for my business?

They currently offer three versions. Here are some product descriptions to review it. Simple Start version: Create & manage invoices. Track sales & expenses. Apply sales tax. Essentials version: All Simple Start features. In addition, users can: import data from QuickBooks, manage online banking, monitor your business, get industry stats/trends, create estimates, delayed&recurring billing. Plus … Continue reading Which QBO subscription level is right for my business?

Company

From the home page screen > company gear (upper right corner) > Settings > Company Settings > Company Company Name Company logo – Your company logo shown on sales forms and purchase orders. Company name – Your company name shown on sales forms and purchase orders. Legal name – Name used on forms like 1099s. … Continue reading Company