Streamline Your Year-End Reporting with QuickBooks' Automated 1099 Solution
Year-end reporting can be a challenging and time-consuming task, especially when it comes to 1099 filings. Between staying compliant with IRS requirements and managing numerous forms, the process can often feel overwhelming. That’s why QuickBooks has introduced the Automated 1099 Solution, a tool designed to simplify and streamline your 1099 preparation and filing process.
Here’s how this innovative solution can save you time, reduce errors, and make year-end reporting stress-free.
How QuickBooks' Automated 1099 Solution Works
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Identifies Who Needs a 1099 The solution scans your QuickBooks data to pinpoint vendors and contractors who meet the $600 threshold for 1099s, while excluding large corporations and payments made by credit card. If you prefer, you can always manually adjust the recipient list.
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Gathers Missing Tax Information Missing W-9s? No problem. The system allows you to send bulk invites to vendors and contractors to complete their W-9s online, syncing the information directly into QuickBooks.
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Automates Form Mapping and Population Payments are automatically mapped to the correct 1099 boxes, ensuring accuracy. You retain full control to review and adjust as needed, including flagging non-reportable transactions.
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Simplifies Review and Approval The pre-filled forms make reviewing for accuracy a breeze. Once approved, the forms are ready for submission.
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E-files with Federal and State Agencies QuickBooks supports the Combined Federal and State Filing (CF/SF) program, allowing you to e-file federal and state forms simultaneously. Copies are also mailed to recipients for added convenience.
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Tracks and Manages Filing Status With unlimited corrections available, you can easily adjust any errors and stay on top of your filing progress in one centralized location.
Why Choose QuickBooks' Automated 1099 Solution?
- Accuracy: Reduce errors with automated data entry and validation.
- Efficiency: Save time by automating tedious manual processes.
- Compliance: Stay aligned with IRS and state requirements, with federal and state filings in one step.
- Control: Review all forms before filing, with the ability to adjust payments and recipient details.
- Convenience: Integrated directly into QuickBooks, making the entire process seamless.
Benefits for Accountants and Business Owners
This solution isn’t just about saving time—it’s about enabling you to focus on higher-value tasks. Whether you’re an accountant juggling multiple clients or a business owner preparing for tax season, QuickBooks’ Automated 1099 Solution makes reporting more efficient and less stressful.
Get Started Today
Don’t let year-end reporting become a source of frustration. Try QuickBooks’ Automated 1099 Solution and experience the difference for yourself. If you’re a QuickBooks Online Accountant customer, the tool is already included and ready to use.
To start gathering W-9s or to learn more about this feature, visit the 1099 section in QuickBooks today.
With QuickBooks’ new Automated 1099 Solution, you can streamline your reporting process, ensure compliance, and give yourself more time to focus on what truly matters—growing your business and supporting your clients.
Explore the Automated 1099 Solution by purchasing QuickBooks Online Today
This innovative tool reflects QuickBooks’ commitment to simplifying financial management for businesses and accountants alike. Make year-end reporting easier than ever with QuickBooks.