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26/01/2021 4:28 pm
I'm filing 1099s and one of the vendors was paid via PayPal but posted as check payment. The IRS requires to exclude payments from 1099 made with a credit card, debit, or PayPal.
28/01/2021 7:49 am
If you're referring to a paid invoice, you can delete the Receive Payment transaction linked from that invoice.
Here's how:
- Click Invoicing from the left menu.
- Choose Invoices, and click View/Edit to open the invoice transaction.
- Under Payment Status, click the 1 payment link and click on the Date hyperlink.
- Click the More tab and choose Delete.
- Click Yes to confirm.
- If you're referring to a paid bill, you can delete the Pay Bills transaction linked from that bill.
Here's how:
- Click Expenses from the left menu.
- Choose Expenses, and click View/Edit to open the bill transaction.
- Under Payment Status, click the 1 payment link and click on the Date hyperlink.
- Click the More tab and choose Delete.
- Click Yes to confirm.
To know more about QuickBooks for Nonprofits visit Apps4Rent.
Regards,
Caleb