About 1099s in Sage Intacct

Use Sage Intacct to track payments for 1099 reporting, review and correct 1099 information, and prepare information for filing. The 1099 process generally consists of five steps:

1. Configure your company.

2. Set up vendors and employees.

3. Tag and track 1099 transactions.

4. Review and verify 1099 information.

5. File forms.

Step 1. Configure your company

Before tracking 1099 amounts, configure how your company handles 1099 reporting. Your configuration determines how transactions are assigned to 1099 forms and boxes, whether line-level overrides are allowed, and how 1099 processing works in a multi-entity environment.

If you report 1099 information at the entity level rather than the top level, configure these settings before entering transactions so amounts are tracked correctly throughout the year.

Learn more about Configuring your company for 1099 processing.

Step 2. Set up vendors and employees

Set up vendors and employees for 1099 reporting by assigning the appropriate 1099 form and default reporting box. You can also specify the name and contact information to print on 1099 forms.

If you're setting up 1099 reporting midyear or moving from another accounting system, enter opening balances so they're included in your 1099 totals at year-end.

• Set up vendor and employee 1099 information

• Enter 1099 opening balances

Step 3. Tag and track 1099 transactions

Transactions are included in 1099 processing when they're tagged for 1099 treatment and associated with a vendor or employee configured for 1099s.

Depending on your company's configuration, you can update transactions after they're created, including changing 1099 eligibility, excluding specific line items, or overriding the default form or box.

Reviewing transactions throughout the year can help reduce reconciliation work later during filing season.

• About 1099 transactions

• Set 1099 information for a transaction

• Tag a transaction as 1099 eligible or ineligible after the fact

Step 4. Review and verify 1099 information

Before filing, review your 1099 information for missing setup information, incorrect classifications, or unexpected amounts.

Run the 1099 report to review the information that will appear on your tax forms. If you find an issue, update the related vendor, employee, or transaction information before filing.

You can also review vendor and employee records to verify their 1099 setup. For example, use custom list views to identify records with missing or specific Form 1099 information, or create a custom report to verify 1099 contact information.

• About the 1099 report

• Run the 1099 report

• Tie out the 1099 report with 1099 forms

• Update 1099 information

Step 5. File forms

After reviewing and verifying your 1099 information, you're ready to file. You can electronically file using the TaxBandits integration, export 1099 information for a third-party filing provider, or print and mail forms yourself.

Option 1: E-file with TaxBandits

Use the TaxBandits integration to electronically file supported 1099 forms.

• About e-filing 1099s with TaxBandits

• Set up 1099 e-file with TaxBandits

Option 2: Print and mail forms

If you're printing and mailing forms yourself, order supported forms and review printing and alignment requirements before filing.

• Order forms

• Print 1099 forms

• Print 1096 forms

• Fix 1099 and 1096 alignment issues when printing forms yourself

Option 3: Export for another filing provider

Export your 1099 information if you're filing through a third-party provider rather than filing directly from Sage Intacct. To find an e-filing provider available through the Sage Intacct Marketplace, search the Marketplace for "1099".

Learn more about exporting a 1099 file.