How do I eliminate payments that reimbursed expenses to a vendor on a 1099?

Peachtree allows you to cut checks to your 1099 vendors and track payments by general ledger account to determine what amounts should be included on to the 1099 form at year end.

1.  Select Maintain, Default Information, Vendors, 1099 Settings.

  1. Define which general ledger account postings should be included on to the 1099 form:

Box 1 or Box 7: This is the default setting for all general ledger accounts. It allows the calculation of

contractor payments to be based on the 1099 type you have set up for each contractor in Maintain

Vendors (either Independent Contractor or Interest).

1099-MISC, Box 7 Only: Select this option to report miscellaneous income for each contractor you wish to print a 1099 for. Peachtree will then make miscellaneous income calculations for all contractor payments debited to the chosen general ledger account.

1099-INT, Box 1 Only: Select this option to report interest income for each contractor you wish to print a 1099 for. Peachtree will then make interest income calculations for all contractor payments debited to the chosen general ledger account.


None: Select this option if you don't want either miscellaneous income or interest income calculations to be made for the chosen general ledger account.

-- by Gayle Raines, Director of Training at Baytek, an Authorized Peachtree Resource Center.
Print completed checks right
out of Peachtree

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