Only selected expense payments such as Interest, Services, and Royalties
are to be reported on a 1099 form. Go to the
window to view all the 1099 expense categories distributed with EBMS.
Records cannot be added or deleted from this dialog since this information must match the 1099 form report files.
The Form identifies the 1099 form where the expense will be reported. The Box number identifies the location of the expense amount within the form. Use the Description to identify the expenses that are to be reported on the different 1099 forms. Note that the Form, Box, and Description settings cannot be changed from this dialog.
The Threshold value controls the amount of expense that is to be paid to a specific vendor before it must be reported. Any expenses below the Threshold amount will be ignored on the 1099 form. The user can change these values but use caution since the law dictates these values. 1099 thresholds are updated when 1099 forms and payroll tax updates are issued from Eagle Solutions annually. Updates are distributed free to users that have subscribed for the annual support plan. Contact an EBMS consultant if you wish to verify your 1099 Threshold values and 1099 forms.
Go to and select an expense account. Click
on the Advanced tab to set
the 1099 Form setting.
Select the appropriate 1099 Form setting for each general ledger expense account. The 1099 Form setting for all revenue, asset, liability, and equity accounts should be set to (None).
The 1099 Position of the GL account value is based on the GL Account Classification. Review the Account Classification including Cash Flow, Reconcile, and 1099 format settings section for more details on setting the Account Classification.
EBMS facilitates the printing of either continuous or laser 1099 forms. The following forms are standard EBMS Reports:
Form 1099 Interest (1099 Int (preprinted))
Form 1099 Miscellaneous (1099 Misc (preprinted))