Setting Up Vendors for Reporting in QuickBooks Desktop - Hawkins Ash CPAs
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When you pay your contractors using a check, direct deposit, or cash, you need to file tax forms with the IRS. QuickBooks Desktop helps you prepare and file forms from the records you have already saved in your accounts.
The software features file creation capability to save you time and effort in creating s for filing them online or printing them for sending to the IRS via postal services. Also, you can email copies of s to your contractors or print them to send via a mailing service. This article will assist you to create and file s with QuickBooks Desktop.
QuickBooks Desktop is designed to simplify accounting, bookkeeping, invoicing, and a number of processes related to your transactions with customers, vendors, employees, banks, and even tax regulators. It streamlines accounting tasks for you so that you can focus on creating strategies to market your products and growing your business, rather than losing your productive time in just tracking and managing your income and expenses.
Though QuickBooks is an accounting application, it offers great time-saving features for invoicing, inventory management, end-to-end order processing, analytics, reporting, and tax compliance. E-filing of forms is enabled in QuickBooks Desktop through an integration called Tax After creating your forms in QuickBooks Desktop, you need to import your data into Tax It takes you to the Tax landing page.
Once you log in, Tax helps you decide how to import your records from QuickBooks Desktop. Follow the wizard to import your data. Once you have successfully imported your data, you will find that the Tax dashboard is showing the list of vendors, amounts, and boxes. Now, follow the below steps to e-file your s.
If you want to attain the flexibility to access the software from any location with all the features intact, you can shift it to the cloud. We provide you with virtual desktop services developed by Citrix and Microsoft and host your software in our virtual machines running in high-performance data centers and Azure. Contact our highly trained QuickBooks hosting team, available via phone, chat, and email for hosting plan inquiries.
Request for price promotions. The procedure to create s in QuickBooks Desktop involves the following steps. Start QuickBooks and go to Vendors. Select Forms. Select vendors who need and click on Continue. Check whether vendor information is appropriate. You can update any section by double-clicking on it and editing the incorrect fields. Once verified, select Continue. Click on the Apply payments to this box dropdown. Select the vendor accounts you want to map. If you see that a box is gray, it is mapped to the other form.
Every vendor account can be mapped to one form. When done, click on Continue. Verify your payment details for exclusions and select Continue. Review the vendors and transactions you are going to report. Select Continue. Select whether to print or e-file forms.
If you want to e-file forms, the steps to do that are as mentioned in the next section. If you want to update information, click on the Edit button, or select the vendor name.
If you want to e-file s with your state, fill in the information under suitable state boxes. Select the vendors you need to e-file for by checking the box, and then select Next. Select the vendors by clicking on the box next to the Date column. You can optionally download PDFs to provide vendors their copies yourself.
If you need to file s with your state, select them here, then click on Next. Once you have selected all the appropriate options and entered the required information on the Select Forms screen, you are taken to the Payment page. Related Articles.
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