1099 Summary Report

Guide 34: 1099 Summary Report

Track contractor payments for tax reporting

Overview

The 1099 Summary report shows payments to vendors who may require a 1099-NEC or 1099-MISC form (typically $600+ in a calendar year).

Running the Report

1. Go to Reports → 1099 Summary
2. Select tax year
3. Choose Business (or Both) using the Personal / Business filter — 1099s apply to business payments
4. Click Run

Report Contents

Vendor Summary

Requirements

• 1099-NEC - Non-employee compensation (services)
• 1099-MISC - Rents, royalties, other
• Threshold - Generally $600/year

Vendor Setup

For accurate 1099 tracking, vendors need:

1. Business name - Legal name
2. TIN/EIN - Tax ID number
3. Address - For mailing forms
4. 1099 eligible - Checkbox enabled

Personal / Business Filter

Use the Personal / Business / Both toggle to focus the report on business transactions only. This ensures personal payments to the same vendor are excluded from 1099 totals.

Exporting & Printing

Use the Export button to save the report as PDF or CSV. Select Print Preview to review the layout before sending to a printer. The PDF export is suitable for record-keeping alongside filed 1099 forms.

Actions

• Export for filing - Generate e-file data
• Print forms - Print 1099 forms
• Review missing TINs - Request W-9s from vendors
• Flag exceptions - Mark corporations (usually exempt)

Tips

• Request W-9 before first payment
• Review mid-year to catch missing info
• Corporations generally don't get 1099s
• Keep records for 7 years
• Due date: January 31 for 1099-NEC

See also: Guide 16: Vendor Management