Agent & Vendor 1099’s (REALedger 2.0 or above)

From the main navigation select the Agents module:

From the left navigation pane, select Processing > 1099s

From the first tab > 1099 Data select the corresponding Tax Year

Select Create 1099 Records then select the option as needed:

  • Create 1099 Records (all agents and vendors)
  • Select an Agent (one agent)
  • Select a Vendor (one vendor)

 

In the case of Select and Agent (one) or Vendor (one), select the appropriate Vendor / Agent from the list and select OK

Once the 1099 record(s) have been created select OK to finalize

When running the Create 1099 records (for all agent and vendors), a message will be displayed indicating that there are already 1099 records present for the selected Tax Year that were not entered manually; those records will be deleted and re-created.

 

1099 Reporting

Selecting the Reporting tab and select the best option suited for your review:

Exclude recipients under $600 (Checked by default)

  • Uncheck this option to include all dollar amounts

 

From the Report dropdown list, select the best option as needed

Select Process Report then select to print or export as needed

 

1099 Electronic Filling / Export

This final step generates 1099 files to e-file

Select one of the following Export options from the list:

After selecting an export option, select an Output File location.  Name the file appropriately such as: Your Folder…\1099_20XX_TestCo_EIN.txt

Select Generate Export to complete the export process

Printing Layout

If adjustments are required for the 1099 Pre-printed stock paper, the coordinates for the box locations can be adjusted as needed by increasing or decreasing the XY coordinates. If you require assistance with this, please contact realedgersupport@constellationreg.com .

 Data Validation (Pre-1099 report)

To double check reported 1099 totals, run the following reports to compare against the Pre-1099 report:

  • For Vendors, run the Purchase Journal report from the AP Module > Reports
  • For Agents, run Agent 1099 Earnings or Agent Income Ledger report from the Agents Module > Reports

 

 

 

 

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