Skip to main content

How To Configure Which General Ledger Accounts Are Reported As Income On 1099s

This article will explain how to configure which general ledger accounts within your Chart of Accounts are reported as income on 1099s

The COAs that are marked as taxable determine the amount that is reported as income on 1099s

Review which general ledger accounts are subject to 1099 reporting (reported as income)

Make sure you have the correct accounts that are subject to 1099 reporting.

  • Go to the settings page (click on your initials in the bottem left of the page and select Settings)

  • Click on Chart of Accounts


​​

  • Filter the list by Account Type and select Income and Other Income. Click update

  • Go through the list of income accounts and review which income accounts are set as Taxable (reported as income). If Taxable is green, it means the account is subject to 1099 reporting (report as income).

  • If you need to make a chart of account Taxable click on it so you can modify it. Click EDIT and toggle on is Taxable. Click Save.


​​

Did this answer your question?