How Do I Print 1099 Vendor Forms In Sage 50?

As most Sage 50 users might know, the Annual 1099 forms are necessary for independent contractors and vendors that the user’s company has paid interest to for services on a loan. For this, the Sage 50 prints 1099 information on pre-printed 1099 forms, not blank paper. Federal 1099 forms can be bought from Sage Forms.

Steps to help you with the process of printing your 1099’s:

Before printing the 1099 forms, one needs to install the current Sage 50 (Peachtree) Updates. This is to make sure that you have the Sage 50 (Peachtree) forms that are in compliance with government regulations. Once you are in Sage 50 (Peachtree):

• click on Services 
• Check for Updates to see if you are presented with updates you need to download.
• If yes, download and install the updates.

It is recommended that you first print vendor 1099 forms on plain paper to verify the vendor payment totals and the form alignment.

Now you have the choice of printing 1099-MISC to report compensations or 1099-INT to report those vendors to whom you have paid more than $10 in interest within a year. Once you enter a vendor in Maintain Vendors, there is a field for 1099 Type on the General tab. Ensure that the 1099 vendors have been set up as required.

Next, you need to Verify your company’s details. Before you print the 1099 forms, the user needs to verify that the company information has been set up correctly:

• Go to the  Maintain menu
• Now click select on Company Information.
• In the Maintain Company Information window, ensure the company’s address and telephone number have been entered correctly.
• The user must print your vendor 1099 forms before you shut down the payroll (2008 calendar) year.\
• Insert blank pre-printed 1099 forms (Miscellaneous or Interest) into your printer.

Open Sage 50 (Peachtree) and your company. Open the 1099 forms folder:

• Sage 50 (Peachtree) 2007 users:
  1. Go to the Reports menu
  2. Now  select Accounts Payable
  3. The Select a Report window appears.
  4. Browse down through the report list and double-click on the 1099 Forms folder.
  5. Now a list of 1099 forms is displayed.
  6. Next Double-click the required form type to print.
  7. Finally, Select either the 1099-INT Preprinted form or the 1099-MISC Preprinted form.
     
• Sage 50 (Peachtree) 2008/2009 users:
  1. Go to the Reports & Forms menu
  2. Now select Forms
  3. Next, select Tax Forms.
  4.  A list of 1099 forms appears.
  5. On this, Double-click the required form type to print.
  6. Finally, Select either the 1099-INT Preprinted form or the 1099-MISC Preprinted form.
  7. Go to the Filter window
  8. Now enter or select a vendor ID range or accept the default of all vendors.
  9. You need to Verify that the payroll year is correct.
  10. Lastly, select OK.
  Additional Information:
  • The user can click the Adjust Limits button to adjust the lower limits, if required, for the different types of payments.
  • Within the Print window, the default printer will be displayed. If you wish to print to a different printer, select one from the list. Otherwise, you can select OK to start printing the forms.
  • In case you get a message that there were no forms to print, you might not have vendors set up as 1099-type vendors or the 1099 vendors do not meet the minimum payment requirement.

Also, Read-> Sage 50 Payroll Year End 2024

To be able to print multiple copies, repeat the above procedure.

Printing Form 1096

The Form 1096 is the submission cover sheet for 1099’s. Once you have successfully printed your 1099’s, you are required to print a corresponding 1096.

Sage 50 (Peachtree) 2007 users:

• After you have printed your 1099’s, a screen will offer to print your 1096.
• In case you do not print the 1096 at that time, you can print the 1096 from the Reports menu
• Next, select Accounts Payable.
• Now the Select a Report window will be displayed.
• Browse down through the report list and double-click the 1096 Forms folder.
• A list of 1096 forms is displayed. 
• Finally Double-click the required form type to print.
• Lastly,  Select either the 1099-INT Preprinted form or the 1099-MISC Preprinted form.

Sage 50 (Peachtree) 2008/2009 users – 

1. Once you have printed your 1099’s, a screen will offer to print your 1096.
2. If you do not print the 1096 at that time, you can print the 1096 from the Reports & Forms menu, 
3. Here, you need to select Forms
4. Next, select Tax Forms. A list of 1096 forms appears.
5. Now Double-click the required form to print.
6. Here you need to Select either the pre-addressed Preprint or the 1096 Preprinted form. 
7. Within the Filter screen, select the 1099 Type you are reporting.
8. Lastly, Make sure to enter the name of the person to contact.

Conclusion

How did you find the article? Do let us know in the space below. This is all that you need to know about ‘How Do I Print 1099 Vendor Forms In Sage 50’. 

Frequently Asked Questions

Q. What forms are used for the vendor details to generate 1099?

A. The 1099 vendor form is Form 1099-NEC.

Q. How can one print the 1099 forms?

A. In order to do this, you need to:

• Launch Form 1099-NEC from the IRS website, and start filling it in on your browser.
• After you have filled out the details, you can print the document the same way you would any other file.

Q. How can one print the report in Sage 50?

A. In order to do this, you need to:

• Start by selecting the Report Groups report area on the left.
• Go to the report list
• Browse down to select the report group you wish to print. 
• Finally click Print at the top of the Select a Report or Form window