Audit reports are designed to help you review 1099 coding and vendor information for completeness. These reports can be generated for individual projects or on a cross-project company basis.
We’ll use the All Paid Transactions with 1099 Filter as the example audit report. This report sorts by vendor code and groups all paid transactions for a vendor for the selected date range, regardless of 1099 tagging and amount. You can compare the vendor name, tax entity type, tax ID number, and address against the vendor provided W-9. You can also review all vendor detail lines to confirm the 1099 tagging.
1. Navigate to Accounting Reports
First, navigate to the Accounting Reports module.
2. Click Run Report
Next, click on Run Report in the upper right corner.
3. Select Report Category
Now, select T4A/1099 Reports from the Category drop-down menu.
4. Select Report Type
From the Report Type drop-down menu, select All Paid Transactions with 1099 Filter for an individual project or All Paid Transactions with 1099 Filter (Cross Projects) for multiple projects.
5. Edit Report File Name
Enter any needed changes to the File Name.
6. Choose Projects if applicable
If you are generating the All Paid Transactions with 1099 Filter (Cross Projects) report, select the projects to include from the Projects section.
7. Select Date Range
Next, select Range of Dates and enter dates for the applicable 1099 tax year.
8. Queue Report
When you’re ready, click on the blue Queue Report button in the bottom right corner.
9. Return to Accounting Reports
Click the white Back button to return to the Accounting Reports module.
10. Review Report
Click on the desired format (PDF or CSV) to view the report.
For instructions on editing 1099 coding, please visit our Help Center here.
Please contact us if you have questions at [email protected] or visit the Process 1099s section of the GreenSlate Help Center here.