Change 1099 amounts for a vendor or employee
Related information
Related topicsIf a 1099 amount for a vendor or employee is incorrect you can adjust the amount manually in Sage Intacct. If you have multiple records to update, you can import 1099 transactions.
Your 1099 amount might need to be adjusted in the following situations:
One or more 1099-related transactions were not flagged for 1099 treatment.
You have transactions outside of Sage Intacct that should be included in the 1099 total.
Go to Accounts Payable > Vendors.
Select Edit.
On the Additional information tab, select Form 1099.
If applicable, select an Entity.
Select the Tax year.
Verify the form and box assignment.
Enter the adjustment amount.
Select Save.
Select Save again on the Vendor information page.
Run the 1099 report to verify the following:
The vendor or employee appears correctly.
Amounts are reported in the correct box.
The adjusted totals match your records.
Go to Expenses > Employees.
Select Edit.
Select Form 1099.
If applicable, select an Entity.
Select the Tax year.
Verify the form and box assignment.
Enter the adjustment amount.
Select Save.
Select Save again on the Employee information page.
Run the 1099 report to verify the following:
The vendor or employee appears correctly.
Amounts are reported in the correct box.
The adjusted totals match your records.
Need more help?
We offer training and a process overview to help you through the 1099 process. If you have questions or encounter specific issues, be sure to check out our troubleshooting topic.
