Topics:

  • Minimum amounts
  • Net vs Gross amounts
  • Suspense

    Let's say I have an owner who is below the $100 minimum at the end of the year but they got a check earlier in the year. Will the 1099 process show the received money?

    Yes, if you allow the 1099s to be built with suspense activity included it will recognize that they were below minimum at the end of the year, but did receive a check earlier in the year.

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    Can you tell me why SherWare created 1099s that reported net after taxes rather than gross?

    The default 1099 processing is to create 1099s based on net. If you want 1099s based on gross you should check the box in the Misc options page of the Disbursement and JIB Options.

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    Can someone explain if the suspense entries have any effect on the income numbers that get reported on the 1099s?

    If you do not "Include Suspense Activity" when you build the 1099s, then the 1099s will show all money earned even if it is in suspense and never was paid to them. If you mark the option to "Include Suspense Activity" then the 1099s will not include any amounts that someone earned unless they were paid for those amounts.

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