1099 Preparation for Monthly Bookkeeping Clients

Tools Used

Xero

Yearli

Procedure

Part 1: Xero

1. Go to Xero and login
2. Choose the client name from the options
3. Click Accounting on the top menu
4. Click Reports from the dropdown menu
5. Under the Tax section click 1099 Report
6. Click the Edit 1099 Rules button on the right side of the screen
7. Under the “Payments to” dropdown select All Contacts
8. Under the “Paid from” dropdown select Contractor Payments
9. Under the “Report as” dropdown select Box 7: Non-employee Compensation
10. Click the green Save button

**NOTE: If the results show “Incomplete Details” contact your supervisor with a full window screenshot (Cmd + Shift +5 on Mac) of the results.

Part 2: Yearli

1. Go to Yearli and login using the following credentials:
   1. Email: admin@growthgroup.com
   2. Password: nG*3SoQ70rj4
2. Click on the + symbol beneath Start New Forms
3. Click on the grey Import Data button
4. Scroll to the bottom of the page and click Xero
5. Click on the blue Connect to Xero button
6. Select the client name from the dropdown menu (if you’re not already logged into Xero, do so now)
7. Click the blue Allow Access button
8. Contact your supervisor to let them know you have completed the 1099-MISC and the forms are ready to be reviewed prior to submission.
9. Mark the task as complete in Asana