QuickBooks and 1099s

Both owner and vendor 1099s will need to be printed out of SherWare. Only vendors who have the option marked that says "Vendor Eligible for 1099" on the Additional Info tab of their vendor information screen will have their activity picked up for reporting on the 1099s.

The vendor payments are the only thing in QuickBooks that will affect an entity's 1099. The total amount of payments is the amount that will appear on an owner's 1099. These payments will be reported as non-employee compensation.

The 1096 processing in QuickBooks will not be able to pull the information from SherWare.