- #HOW TO PAY BONUSES QUICKBOOKS 2018 DESKTOP HOW TO#
- #HOW TO PAY BONUSES QUICKBOOKS 2018 DESKTOP PRO#
Now you can rest easy knowing your QuickBooks file is set up to properly process 1099 forms for vendors subject to reporting. If your vendor is not subject to reporting, but you want to enter their information, leave the box unchecked. Go to the vendor center, double click the name, click the Tax Settings tab, then enter the tax ID and click the vendor eligible for 1099. To be able to run your 1099 report year-end, you also need to set up your vendors. I’ve created a video to walk you through this process.
Go down the list and select the proper category for each account that should be used to report 1099 payments. Most will be Box 7: Non-Employee Compensation. Change the drop down from show 1099 accounts to show all accounts.Īny account that could be used when paying a vendor subject to reporting should be mapped to the proper box. When you click that you want to map the accounts, a window will open showing some of the accounts. To properly set up the accounts, go to Edit>Preferences>Tax:1099 then select the Company Preferences tab.
#HOW TO PAY BONUSES QUICKBOOKS 2018 DESKTOP HOW TO#
I am going to explain how to set up your file, but please note these are desktop instructions for QuickBooks 2015 (the process will differ slightly if you are using a prior version or online). One of the areas overlooked is properly mapping accounts and setting up vendors for 1099 processing.
#HOW TO PAY BONUSES QUICKBOOKS 2018 DESKTOP PRO#
This video lesson is from our complete QuickBooks tutorial, titled “ Mastering QuickBooks Desktop Pro Made Easy v.2021.QuickBooks is easy to use which ironically can be the reason why people, if not properly trained on how to use it, can run into problems with improper set-up, postings, and more. The following video lesson, titled “ Entering a Vendor Credit,” shows how to enter vendor credits in QuickBooks Desktop Pro. Finally, click the “Save & Close” button to save the credit for later use.Įnter Vendor Credits in QuickBooks Desktop Pro: Video Lesson.Then select the affected accounts or items on the “Expenses” or “Items” tabs at the bottom of the window.Then enter the amount of the credit into the “Credit Amount” field.Enter any associated credit number into the “Ref.Enter the date you received the credit from the “Date” calendar selector.Then select the name of the vendor who issued the credit from the “Vendor” drop-down.Then ensure the word “Credit” appears at the top of the form.In the “Enter Bills” window, select the option button for “Credit” at the top of the window.press F1 or select Help > QuickBooks Desktop Help to get help faster. To enter vendor credits in QuickBooks Desktop Pro, select “Vendors| Enter Bills” from the Menu Bar. QuickBooks Pro or Premier and pay a monthly subscription fee for continued access to the product.Enter Vendor Credits in QuickBooks Desktop Pro: Instructions The credit then appears when you go to pay the next bill from that vendor through the “Pay Bills” window.Įnter Vendor Credits in QuickBooks Desktop Pro- Instructions: A picture of a user entering a vendor credit into QuickBooks Desktop Pro. Then click the “Save & Close” button to save the credit for later use. Select the accounts or items for the credit on the “Expenses” or “Items” tabs, as appropriate.
If there is a number associated with the credit, enter that number into the “Ref.
Then enter the date you received the credit from the “Date” calendar selector. Then select the name of the vendor who issued the credit from the “Vendor” drop-down. The word “Credit” should then appear at the top of the form. Select the option button for “Credit” at the top of the “Enter Bills” window. To enter vendor credits in QuickBooks Desktop Pro, select “Vendors| Enter Bills” from the Menu Bar.ĭoing this then opens the “Enter Bills” window. You can easily enter vendor credits in QuickBooks Desktop Pro to later use them against the next bill you receive. Enter Vendor Credits in QuickBooks Desktop Pro: Overview