You can locate the list of 1099 types on the 4-4 Vendors (Accounts Payable) window under Financial Information, in a drop-down list with the title 1099.
Note: The 1099 is tracked by vendor and not by 1099 type.
|
1099 Type |
Description |
|
0-Undetermined |
No choice has been made. |
|
1-Miscellaneous |
The vendor provides a service, but the vendor is not incorporated. Sage 100 Contractor prints the vendor’s 1099 balance in box 7 of the 1099 form. |
|
2-Rent |
The vendor provides a service, but the vendor is not incorporated. Use this type only when the vendor provides a service to your business by renting office space, yard space, equipment, and so on. Sage 100 Contractor prints the vendor’s 1099 balance in box 1 of the 1099 form. |
|
3-Sole Proprietor |
The vendor provides a service but the vendor is not incorporated. Sage 100 Contractor prints the vendor’s 1099 balance in box 7 of the 1099 form. |
|
4-Interest |
Sage 100 Contractor can print interest for this vendor. |
|
5-No 1099 |
The vendor does not provide a service, or the vendor is incorporated. Sage 100 Contractor does not print a 1099 for a vendor with this type. |
Note: When the company has no workforce other than the owner, the federal government does not provide a federal identification number to the company. Instead, use the owner’s number. For status 3-Sole Proprietor, enter the owner’s number in the Federal Id# text box. In addition, enter the owner’s name in the Owner text box. When you print the 1099, Sage 100 Contractor prints the number and the owner’s name on the 1099.
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For additional online resources for Sage 100 Contractor products, visit the Sage Customer Portal. Use the portal to access the knowledgebase, chat online with customer support, or enter a customer support ticket.
For additional training on Sage products, visit Sage University.