As a business owner, you may at times hire people to perform services for you, but they may not be actual employees. Those people are often called “contractors,” and at the end of the year, you’ll need to file 1099 forms to show the amount of money you paid each one.
Here’s how to see a list of all expenses you’ve marked for 1099 reporting:
- Log in to ZipBooks and click on Reports.
- Scroll down to the Expenses section, and select the 1099 Summary.
- Adjust the Start and End Dates, choose a Transaction Type, and decide how you’d like them Grouped on the report.
- If desired, click Export.
That’s it! Just remember that this is only a summary, not an official tax form. You’ll need to file individual 1099s for each vendor (or contractor). Don’t forget to send each of them a copy too!