More Tips From Troast


Subject: 1099s from MYOB

Go to the reports menu, Index to reports, Purchases.

Under "Payments" there is a Vendor Payments report. Run this report on screen 1st for all vendors from 1/1 to 12/31.

This would be the total universe of vendor payments for the year.For each that is = or > $600 AND that is NOT to a Corporation must be given a 1099. If these folks are missing address or tax id info then drill into the vendor from the report and complete this information.

Fall all who you must print 1099s, drill into the vendor from the screen report, and under buying details make sure there is a tax id # and that Payments on 1099 as: non-employee comp or royalties or other income is selected given the proper circumstances. If its for labor it should be non employee comp.

Optionally under card details you could use an identifier like I for independent contractor for all such vendors who you want to get 1099s.

Finally go back to the command center and under the flow chart for Purchases choose print 1099s. It will cue up and you can check off those you want to print.  You can filter the list to the identifier you choose. DONE!


If you have any questions, contact me.


Arthur Troast, C.P.A.

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