Print 1099-NEC

The 1099-NEC form is used for reporting non-employee compensation (NEC) payments.

If the following four conditions are met, you must generally report a payment as NEC:

  • You made the payment to someone who is not your employee.
  • You made the payment for services in the course of your trade or business (including government agencies and nonprofit organizations).
  • You made the payment to an individual, partnership, estate, or, in some cases, a corporation.
  • You made payments to the payee of at least $600 during the year.

Examples of nonemployee compensation that are reported in box 1 of Form 1099-NEC include:

  • Professional service fees, such as fees to attorneys (including corporations), accountants, architects, contractors, engineers, etc.
  • Payment for services, including payment for parts or materials used to perform the services if supplying the parts or materials was incidental to providing the service.
  • Director’s fees and other remuneration.
Set Up

1. From the Setup menu, click Settings.

Settings

2. Click the Objects tab.

Settings

3. Select 7 Non-employee Compensation from the 1099-MISC Amount Code pull-down for applicable Object Elements.

For more information, see Objects.

Input Vendor Payments

1. From the Purchasing/Accounts Payable menu, click Print 1099-NEC.

Print 1099-NEC

2. The Tax Year defaults to the current fiscal year. If you need to change it, select the correct year from the pull-down.

3. Before printing 1099s from the Print 1099-NEC tab, click the Input Vendor Payments tab for additional vendor payments.

4. Select a Vendor from the pull-down.

5. Enter the Amount, and any Comments pertaining to the payment.

6. Select the 1099-MISC Box in which this information should be displayed once printed, such as 1 - Nonemployee Compensation.

7. Press the Enter key to save the entry.

Inputting vendor payments only applies to district accounts, not internal accounts. Focus internal account purchases will be included automatically.

If two vendor numbers have mistakenly been created for one vendor, you should be sure to flag only one vendor. The payments can then be combined on the Input Vendor Payments screen.

Click the pull-down or the text fields to edit data.

Click the delete button (red minus sign) to delete the vendor payment.

8. Add as many vendor payments as needed.

Note the Page Total and Grand Total in the last rows.