Update employee 1099 amounts

Your 1099 employee amount might need to be updated if:

• You forgot to flag one or more associated transactions for 1099 treatment.

  You can either update the 1099 total manually, or reclassify the transactions to flag them for 1099 treatment.

• You have employee transactions outside of Intacct that need to be accounted for in the 1099 total.

  You can either update the 1099 total manually, or import the transactions into Sage Intacct.

Update the 1099 employee amounts manually

Update amounts for multiple employees with an import file

1. Go to Company > Setup > Import data.
2. Under Import employee expenses, locate employee 1099 transaction update, and select Template.

   A formatted .csv file appears.

3. Add the transaction information to the template, and import the file.
4. Generate the 1099 report to verify that the amounts are now correct.

Reclassify transactions to update amounts

Instead of manually updating the employee total, you can go back and reclassify a transaction to be included or excluded in 1099 amounts. Some transactions cannot be reclassified, such as in Global Consolidation.

Need more help?

We offer training and a step-by-step guide to help you through the 1099 process. If you have questions or encounter specific issues, be sure to check out our troubleshooting topic.