Set Up 1099 Tracking in QuickBooks
Whether you're a small business or nonprofit, the first step is enabling 1099 tracking in your QuickBooks settings. This ensures your accounting service is ready to capture the right data from the start.
Keep Vendor Info Organized
As soon as you receive a W-9, enter the details into the vendor’s profile under Tax Settings. Then, use QuickBooks’ “attach” feature to store the W-9 right in their record. No more digging through inboxes in January.
Attach Issued 1099s for Easy Access
If you’re manually creating 1099s, attach a copy to each vendor’s profile. When they ask for a reprint next year (and they will), you’ll be ready.
Run a Year-End Review
Use the 1099 Wizard in QuickBooks to check for missing info. Catching gaps now means fewer surprises later.
Know Your Forms
The IRS now requires nonemployee compensation to be reported on Form 1099-NEC instead of 1099-MISC. If you’re filing by mail, stock up on the correct forms and envelopes—or outsource accounting tasks like this to someone who already has them.
Let BudgetEase Handle the Paper Chase
Whether you need QuickBooks catchup, a reliable bookkeeping service, or just want to outsource accounting headaches, BudgetEase is here to help. Contact us today—because chasing W-9s in January is not a growth strategy.