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1099 Payee Ledger Report

Introduction

You can produce a list of payment transactions in a given date range to assemble 1099 issuance list

This report is only available for U.S. accounts

To access this report, go to Reports > Accounting > 1099 Payee Ledger

Report Filters

Payee Name: Check the ‘all payees’ box to show all payees. To show a specific payee, uncheck “all payees” box and type in the payee name to select. 

Banks: You can choose to only display activity/balances from one particular bank account, or from particular types of bank accounts

Date Range: The date range options you have are All Dates, Last Month, Last Year, This Month, and This Year. You can override the date range via the from/to boxes to the right

Show: Choose Summary or Details – Summary will provide total amounts per payee, details will list each transaction. 

Options

Only payees with total > = 600: This is the IRS guideline for filing 1099. This is checked by default

Exclude 1099 ineligible payees: When adding a payee under the Contacts > Payee area, you can designate whether or not they are eligible for 1099 filing. If this setting checked, this report will exclude those who are ineligible. This is checked by default

Preview Report

Once your filters are set, to preview the report, click the View button at the top right of the window.

Export or Print Report

You can export all reports to either pdf or excel. 

To do so, select the format you want, in the ‘Print as’ field, then click Download

This will save the report to your default downloads location where you can then print, or save to another location. 

Sample Report

Summary View

Details View

 

Learn More

To learn more about the 1099 Payee Ledger and how to e-file from CosmoLex, click here.

Updated on September 30, 2019

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