Seems like it is always a mad dash to collect W-9 in January of the filing year. A tip to avoid the stress is to collect the document in real time.
Before you cut that check to a service vendor or outside service provider, request a W-9 right away from the vendor. Even if you are not sure, it is always a good practice to request one anyway. And if turns out you do not need a to file 1099 for them it’s good to have that W-9 as a record of not qualifying for filing. You can download a PDF here on the IRS website: https://www.irs.gov/
QuickBooks Tip: You can attach and store that W-9 digital document in the vendor information in QuickBooks. No separate file system needed!
QuickBooks online Tip: QBO has a feature you can invite contractors to fill out their W-9 and sign them electronically, securely inside their intuit account
You can customize your icon bar to have quick access to frequently used tasks. Here’s how:
- View > Add Customer Center to choose different icons > Label them however you’d like
- View > Customize the icon bar with one touch access to a location in QuickBooks or any reports often used
You can use the +, -, *, / and () to do quick math in any Quantity, Rate and Amount field. Press the Tab to calculate the results.