How To Process 1099 Forms in Sage 100 and Sage 100cloud

Sage 100 and Sage 100cloud allow for printing of the required annual 1099 forms which are required of many companies as part of their year-end reporting.

In general:

Form 1099-MISC is given to non-employees such as independent contractors and other entities paid by your company. You must give a 1099-MISC form to any individual or business your business paid $600 or more in a tax year.

https://www.thebalancesmb.com/who-must-receive-form-1099-misc-397998

While some companies compile their 1099 information manually, there is a much easier way to print these annual forms using the information automatically collected in your Sage 100 Accounts Payable Module.

Before this information can be collected you will need to configure your Accounts Payable to track relevant 1099 data.

Sage has created a video which walks you through the process of setting up and reporting on 1099 data for eligible vendors.

Important: Consult with your tax advisor for information on how 1099 reporting requirements may apply to your company.

Tip: 1099 data are reported on a calendar year which may be separate than your fiscal year.