Payments to 1099 Vendors for Inventory Purchases are not Appearing on Form 1099-MISC

 

The following are items for consideration when Inventory items that are used for 1099 payments (via Accounts Payable) are not showing under 1099-MISC Payments even if the expense account is categorized as 1099 and vendors are set as 1099 Eligible:


1. Check the Asset and COGS Account of the Inventory Item:
a. Lists > Accounting > Items

b. Click Edit next to the inventory item

c. Click Accounting tab and take note of COGS account and Asset Account

2. Check the COGS account
a. Lists > Accounting > Accounts >

b. Click Edit next to the COGS account
Note: 1099 - MISC Category is filled in by the appropriate category

3. Categorize the Asset as 1099-MISC
a. Lists > Accounting > Accounts

b. Click Edit next to the Asset
c. Select the correct 1099-MISC Category
d. Click Save

After checking all of the above, reopen the report under Reports > Sales Tax US > Form 1099-MISC