1099 Options

[dbigelow]

I have a client and they want to run one company - within that company they have two federal tax id's - they pay 1099 vendors from separate checkbooks but they only want one vendor id. For example checkbook 1 would be associated with fed tax id 1 and they would pay Dan (a 1099 vendor) but also checkbook 2 would be associated with fed tax id 2 and they would also pay Dan. Checkbook 1 would never pay vendors for work done in the other fed tax id and the same goes for checkbook2. At the end of the year GP will dump a 1099 for the total of all payments - what I need is a way to split the 1099's - I know I can pull the info out of GP but I am not sure how to print the 1099's correctly

Thank you

Dan Bigelow

 

[VictoriaYudin]

Dan,

I can't think of any possible way that GP would print out the 1099s correctly in this scenario without either a customization or manual adjustments. Either one would involve some work. The basic steps at the end of the year would be:
- go through all the vendor payments for the year and figure out the 1099 total for each vendor for each of the 2 tax id's
- change the YTD 1099 amounts on all the vendors to show totals for tax id #1
- print all the 1099s for tax id #1
- change all the YTD 1099 amounts on all the vendors to show totals for tax id #2
- print all the 1099s for tax id #2

Hope that helps,
Victoria Yudin

 

[dbigelow]

even more they now want 1099-R but GP only print these out of payroll - I think i will have to go third party

Thank fo the help and let me know if you can think of a different way or any third party suggestions