Annual 1099 forms are required for independent contractors and vendors that your company has paid interest to for services on a loan. Sage 50 (Peachtree) prints 1099 information on pre-printed 1099 forms, not blank paper. Federal 1099 forms can be purchased from Sage Forms 1-800-617-3224.

Below are steps to help you with the process of printing your 1099’s:

Prior to printing 1099 forms, install the latest Sage 50 (Peachtree) Updates to ensure that you have Sage 50 (Peachtree) forms that are in compliance with government regulations. When you are in Sage 50 (Peachtree) click on Services – Check for Updates to see if you are presented with updates you need to download. If so, download and install the updates.

We suggest that you first print vendor 1099 forms on plain paper to verify vendor payment totals and form alignment.

You have the choice of printing 1099-MISC to report compensations or 1099-INT to report those vendors to whom you paid more than $10 in interest a year. When you enter a vendor in Maintain Vendors, there is a field for 1099 Type on the General tab. Make sure your 1099 vendors are appropriately setup.

Verify your company information. Before printing the 1099 forms, you must verify that your company information is set up correctly. From the Maintain menu, select Company Information. In the Maintain Company Information window, ensure that your company’s address and telephone number are entered correctly.

You must print your vendor 1099 forms before you close the payroll (2008 calendar) year.

Insert blank pre-printed 1099 forms (Miscellaneous or Interest) into your printer.

Open Sage 50 (Peachtree) and your company. Open the 1099 forms folder:

  • Sage 50 (Peachtree) 2007 users – From the Reports menu, select Accounts Payable. The Select a Report window appears. Scroll down through the report list and double-click the 1099 Forms folder. A list of 1099 forms appears. Double-click the desired form type to print. Select either the 1099-INT Preprinted form or the 1099-MISC Preprinted form.
  • Sage 50 (Peachtree) 2008/2009 users – From the Reports & Forms menu, select Forms, then select Tax Forms. A list of 1099 forms appears. Double-click the desired form type to print. Select either the 1099-INT Preprinted form or the 1099-MISC Preprinted form.

In the Filter window, enter or select a vendor ID range or accept the default of all vendors. Verify that the payroll year is correct. Then, select OK. (In Sage 50 (Peachtree) 2008/2009 you will click on Print/Email instead of OK).

Additional Information:

  • You can click the Adjust Limits button to adjust the lower limits, if necessary, for the various types of payments.
  • In the Print window, the default printer appears. If you want to print to a different printer, select one from the list. Otherwise, select OK to begin printing the forms.
  • If you get a message that there were no forms to print, you may not have vendors set up as 1099 type vendors or the 1099 vendors do not meet the minimum payment requirement.

To print multiple copies, repeat the above procedure.

Printing Form 1096

The Form 1096 is the submission cover sheet for 1099’s. After successfully printing your 1099’s, you will need to print a corresponding 1096.

  • Sage 50 (Peachtree) 2007 users – After printing your 1099’s, a screen will offer to print your 1096. If you do not print the 1096 at that time, you may print the 1096 from the Reports menu, select Accounts Payable. The Select a Report window appears. Scroll down through the report list and double-click the 1096 Forms folder. A list of 1096 forms appears. Double-click the desired form type to print. Select either the 1099-INT Preprinted form or the 1099-MISC Preprinted form.
  • Sage 50 (Peachtree) 2008/2009 users – After printing your 1099’s, a screen will offer to print your 1096. If you do not print the 1096 at that time, you may print the 1096 from the Reports & Forms menu, select Forms, then select Tax Forms. A list of 1096 forms appears. Double-click the desired form to print. Select either the Preaddressed Preprint or the 1096 Preprinted form. On the Filter screen, select the 1099 Type you are reporting. Make sure to enter name of person to contact.