Generate a 1099 Report
Generate 1099 reports for your clients' vendor payments.
Generate a 1099 Report
Generate 1099 tax reports for your clients' vendors who received payments above the reporting threshold.
Overview
At tax time, you need to identify which of your client's vendors received payments that meet or exceed the IRS 1099 reporting threshold. Propio's 1099 Report aggregates vendor payment data across the tax year, making it easy to identify reportable vendors and generate the information you need for 1099 filings.
Steps
1. Navigate to Reporting
From your client's dashboard, click on Reports in the left sidebar navigation. This opens the reporting section where you can access all available report types.
2. Select 1099 Report
From the list of available reports, select 1099 Report. This report type is specifically designed to aggregate vendor payments for 1099 tax reporting purposes.
3. Set the Tax Year or Date Range
Select the tax year or specify a custom date range for the report. For standard 1099 reporting, select the calendar year (January 1 through December 31) for the tax year you're filing. The report will include all vendor payments within the selected period.
4. Generate the Report
Click Generate to run the report. Propio will calculate the total payments made to each vendor during the selected period and display the results. This may take a moment depending on the volume of transactions.
5. Review Vendor Payment Totals
The generated report displays a list of vendors along with their total payment amounts for the period. Vendors whose total payments meet or exceed the 1099 reporting threshold are highlighted for your attention. Review the list to ensure accuracy — check that vendor names are correct, payment totals align with your records, and no vendors are missing due to duplicate entries or naming inconsistencies.
6. Export or Download the Report
Once you've reviewed the report, click Export or Download to save the report data. You can use the exported file to prepare your 1099 filings or share the information with your client or tax preparer.
Summary
The 1099 Report in Propio streamlines tax season by automatically aggregating vendor payments and identifying those that meet the reporting threshold. Navigate to Reports, select the 1099 Report type, set your date range, generate the report, review the vendor totals, and export the data for your filings. Keeping your vendor records clean and up to date throughout the year will make this process even smoother.