1099 Tracking
If your business pays contractors $600 or more in a year, you're required to file a 1099-NEC form with the IRS. AllMy Ledger helps you track these payments throughout the year so you're ready at tax time.
Mark Vendors as 1099 Contractors
When adding or editing a vendor, check the 1099 contractor box. This tells AllMy Ledger to track all payments to this vendor for 1099 reporting.
You can also store their tax ID (EIN or SSN) for your records, though AllMy Ledger doesn't file the 1099 forms for you.
Track Payments
Every payment you record to a 1099 vendor is automatically tracked. No extra steps needed — just record payments as you normally would.
Generate a 1099 Report
At the end of the year (or whenever you need it):
- Go to Reports
- Select 1099 Summary
- Set the tax year
- Generate the report
The report lists each 1099 vendor and their total payments for the year. Export as PDF for your records or to share with your tax preparer.
Note: AllMy Ledger helps you track 1099 payments. It does not file 1099 forms with the IRS. Consult your tax professional for filing requirements and deadlines.